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History Of The Two Envelope Paradox

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Every day when we wake up, we have one of two choices to make. We can cut off our alarm and get out of bed to start the day, or we can keep on hitting the snooze button and never actually get out of bed. Any given day is filled with these “A or B” choices. Some of these choices are made unconsciously; others are a challenge to decide between one option and another. The “Two Envelope Paradox” focuses on the conscious decision to be made between choice A and choice B. It uses both logic and mathematics to try and answer the age-old debate: to switch or not to switch? Take the scenario A Brief History of the Paradox lays describes. There are two envelopes in front of a woman; envelope A and envelope B. The woman is told that both envelopes contain

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