>And yet E(x) = 1.25*E(y).
No, it's 1.25*y, not 1.25 times expectation of y.
And E(y) = 1.25*x as well, so the choice is trivial.
This also proves that expectation fails with this premise.
>And yet E(x) = 1.25*E(y).
No, it's 1.25*y, not 1.25 times expectation of y.
And E(y) = 1.25*x as well, so the choice is trivial.
This also proves that expectation fails with this premise.
Well, exactly. The expectation only works if y ISN'T variable. So it doesn't work.
>the strange man was using a gamma distribution to determine the amount of money
>it wasn't impossible
Guess you just missed out on $10000000 user.
For any possible value of y, you can easily compute that E(x) = 5*y/4. So why does it matter that you don't know exactly what y is?
>For any possible value of y, you can easily compute that E(x) = 5*y/4. So why does it matter that you don't know exactly what y is?
Because if you don't know what y is, the problem becomes symmetric and E(x) is not 5*y/4. It's (x+y)/2. Of course knowing what one of the envelopes contains changes the dependency of E(x), since you break symmetry.
depends on money.
imagine instead of 2 the koefficient is 1000
you open box and there is $10, it is obvious that you should check another box for $10000 and if other box is $0.01 - no big deal
but if you open box and there is $1000000000, I would keep it despite chance if 1000 billion, because $1 billion is enough for me
Logic vs math
Pic related