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7 questions with no upvoted or accepted answers
4 votes
2 answers
90 views

Question Regarding Proposed Solution to the (Closed Envelope Version of) Two Envelope Paradox

Su, Francis, et. al. have a short description of the paradox here: https://www.math.hmc.edu/funfacts/ffiles/20001.6-8.shtml I used that link because it concisely sets forth the paradox both in the ...
AplanisTophet's user avatar
1 vote
0 answers
69 views

Lack of strong law for the Saint Petersburg paradox

The Saint Petersburg paradox can be formulated as follows: Suppose we have a lottery whose payout ${X}$ takes taking values in the powers of two ${2,2^2,2^3,\dots}$ with $\displaystyle {\bf P}( X = 2^...
shark's user avatar
  • 1,011
1 vote
0 answers
109 views

how does Bertrand's paradox challenge the classical definition of probability?

On page 9 of Papoulis's book[Probability, Random Variables, and Stochastic Processes], the classical definition of probability is as follows: The probability of an event equals the ratio of its ...
flexibleHammer's user avatar
0 votes
0 answers
64 views

Variation of St. Petersburg Paradox

I was discussing the the St. Petersburg paradox and the following question came up: Suppose the game doesn't end within nine rounds, then the player directly receives $2^{10}$ dollars , while ...
Blue2001's user avatar
  • 371
0 votes
0 answers
224 views

Forex rate: Expected value paradox

Let us suppose at present 1 dollar = 1 euro After 1 year There is 50% chance that 1 dollar = .80 euro ...[1] And there is 50 % chance that 1 dollar = 1.25 euro ...[2] Therefore expected value ...
q126y's user avatar
  • 539
0 votes
0 answers
112 views

A paradox with the additivity axiom of probability theory

Suppose F is a finite set of propositions such that, for every proposition A in F and every proposition B in F such that A is distinct from B, P(A) = P(B) and A is inconsistent with B. By using the ...
Philippe's user avatar
0 votes
1 answer
42 views

Paradox in Theory of probability of transition to polar coordinates

Let there are two independent random variables $X$,$Y$ with normal distribution. Vector $(X, Y)$ can be considered as a random point on the plane. Let $R$ and $\phi$ polar coordinates of this point. ...
Konstantin Grotov's user avatar