Randomized switching in the two-envelope problem

DOI10.1098/RSPA.2009.0312zbMATH Open1186.91071OpenAlexW2111852084WikidataQ62555509 ScholiaQ62555509MaRDI QIDQ3561998FDOQ3561998

Mark D. McDonnell, Derek Abbott

Publication date: 19 May 2010

Published in: Proceedings of the Royal Society A: Mathematical, Physical and Engineering Sciences (Search for Journal in Brave)

Full work available at URL: http://rspa.royalsocietypublishing.org/content/vol465/issue2111/

zbMATH Keywords

optimal switchingexchange paradoxtwo-envelope problemcover switchingParrondo's principletwo-state random mixing

Mathematics Subject Classification ID

Decision theory (91B06)

Cites Work

• Control systems with stochastic feedback
• Unsolved problems of noise and fluctuations
• The Box Problem: To Switch or Not to Switch
• Elusive Optimality in the Box Problem

Cited In (8)

• Gain from the two-envelope problem via information asymmetry: on the suboptimality of randomized switching
• Title not available (Why is that?)
• Anna Karenina and the two envelopes problem
• The two-envelope problem for general distributions
• Biased information and the exchange paradox
• Optimal two-stage pricing strategies from the seller's perspective under the uncertainty of buyer's decisions
• Imperfect information as a source of non-symmetry in the two envelope problem
• An optimal strategy for maximizing the expected real-estate selling price: accept or reject an offer?

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