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Approach 1: There is in fact new information when you look into the envelope it's also very valuable because it allows you make judgement taking into account yo
by bluecalm 13y ago
Approach 1:
There is in fact new information when you look into the envelope it's also very valuable because it allows you make judgement taking into account your knowledge about the world and specific situation (who puts money in the envelopes, what are general preferences of people in such situations etc.).
Approach 2:
You made the same mistake.
Seeing the money is actually valuable and very real information. The problem is that original reasoning makes wrong use of it. It doesn't mean there is no information or that we can/should ignore it.
- deleted 13y ago[deleted]
- thatthatis 13y agoIf the new information is relevant, how is this simulation code wrong? https://gist.github.com/tedtieken/6567112 https://gist.github.com/tedtieken/6567112
- bluecalm 13y agoThe code is wrong because there is an assumption that the distribution is 50% for 10$ and 50% for 20$. There no basis for this (how do you know you won't got 40$ if you see 20$ ?). See my other posts, I think this point is very well worth thinking about.