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Wow, you are really nitpicking here. For the paradox, its assumed that value = price. Yes, in reality, thats not true, but thats not the point. If you don't
by roundsquare 17y ago
Wow, you are really nitpicking here.
For the paradox, its assumed that value = price. Yes, in reality, thats not true, but thats not the point. If you don't like ties as an example, feel free to use the original envelope with money or think of some other item where value = price (or is directly proportional to it). In fact, as long as I can say each person might value the other person's tie more than his own, the paradox holds.