Beschreibung
The Two Envelopes Problem is a beautiful and quite confusing problem in decision theory which is ca. 20 years old and has provoked at least 30 papers directly addressing the problem and displaying a surprising variety of different responses. This paper finds decisive progress in an approach of G. Priest and G. Restall in 2003, argues that the recent papers having appeared since did not really go beyond that paper, argues further that Priest's and Restall's solution is still not complete, proposes a completion of their solution, and finally hints at more general lessons for decision theory. If the analysis is correct, this work has the potential of laying the Two Envelopes Problem at rest.
Autorenportrait
Dr. Christian Hugo Hoffmann is an AI and FinTech entrepreneur and researcher currently serving as co-founder of Syntherion, a B2B risk management software company, as well as a postdoc at the chair of Entrepreneurial Risks at ETH Zurich. Apart from that, he writes pieces on AI and implications for society for The Entrepreneur, and NZZ among others.
