This is probably an old one but I only came across it recently.
Can someone tell me the answer and explain why please.
You are offered the choice of two sealed envelopes.
Both contain cash but you don’t know how much.
The only information you have is that one envelope contains double the amount of cash as the other one but obviously you don’t know which envelope contains the larger amount.
You open envelope A and it contains €100.
You are then given a choice, keep the €100 or open envelope B instead.
Should you swap and why?
Can someone tell me the answer and explain why please.
You are offered the choice of two sealed envelopes.
Both contain cash but you don’t know how much.
The only information you have is that one envelope contains double the amount of cash as the other one but obviously you don’t know which envelope contains the larger amount.
You open envelope A and it contains €100.
You are then given a choice, keep the €100 or open envelope B instead.
Should you swap and why?
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