Winning While Losing: New Strategy Solves 'Two-Envelope' Paradox
Tuesday, August 18, 2009 - 10:14
in Psychology & Sociology
(PhysOrg.com) -- Researchers from Australia have taken a step toward resolving a seemingly simple yet unsolved paradox known as the "two-envelope" problem. They`ve worked out a new strategy that can enable a player to beat the game in terms of increasing their payoff. The strategy could have applications in optimizing gains in investments and other areas.