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Direct linkFalk, Ruma; Nickerson, Raymond S. – Teaching Statistics: An International Journal for Teachers, 2009
When two sealed envelopes contain money, one twice as much as the other, a player should be indifferent between them. But when one envelope is opened, one's decision should vary as a function of the observed value and one's subjective probabilities.
Descriptors: Probability, Logical Thinking, Philosophy, Expectation
