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An Optimal Threshold Strategy in the Two-Envelope Problem with Partial Information
Published online by Cambridge University Press: 30 January 2018
Abstract
In this paper we propose a strategy that gives an optimal lower bound of the average gain for the two-envelope problem within the McDonnell and Abbott (2009) and McDonnell et al. (2011) framework. We obtain this result with partial information about the probability distribution of the envelope's contents.
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- Research Article
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- © Applied Probability Trust
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