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  1. Probabilistic reasoning in the two-envelope problem.Bruce D. Burns - 2015 - Thinking and Reasoning 21 (3):295-316.
    In the two-envelope problem, a reasoner is offered two envelopes, one containing exactly twice the money in the other. After observing the amount in one envelope, it can be traded for the unseen contents of the other. It appears that it should not matter whether the envelope is traded, but recent mathematical analyses have shown that gains could be made if trading was a probabilistic function of amount observed. As a problem with a purely probabilistic solution, it provides a potentially (...)
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