I agree with that response to the sleeping beauty problem, and the way you set up the payoff structure will probably make this problem equivalent to the St. Petersburg Paradox.
That’s right. What I said above was just stupid. Oops. It is not equivalent at all. I think the two problems are two instances of the same “paradox” though.
This is unlike the St Petersburg paradox because it involves amnesia, so assigning probabilities arguably forces you to decide on some SIA/SSA-like quandary. But I do agree that making this into a decision problem is the key.
I agree with that response to the sleeping beauty problem, and the way you set up the payoff structure will probably make this problem equivalent to the St. Petersburg Paradox.
It’s like the St. Petersburg game except you gain money on even n and lose money on odd n.
That’s right. What I said above was just stupid. Oops. It is not equivalent at all. I think the two problems are two instances of the same “paradox” though.
This is unlike the St Petersburg paradox because it involves amnesia, so assigning probabilities arguably forces you to decide on some SIA/SSA-like quandary. But I do agree that making this into a decision problem is the key.