OOPS! My mistake. So you always push button 1. I still don't see the paradox.

Brent On 20-Mar-01, Wei Dai wrote: > On Tue, Mar 20, 2001 at 08:10:10PM -0700, Brent Meeker wrote: >> I don't see any paradox. This is no different than: >> >> If you push button 1, you will lose $9. >> If you push button 2 you will win $10 one time out of 101 at random. >> The other 100 times out of 101 you will lose $10. >> >> If you push 1 your expected payoff is -$9. >> If you push 2 your expected payoff is ($10*1 - $10*100)/101=-$9/1.01 > > Something is wrong with your math here. ($10*1 - $10*100)/101 = > -$9.9/1.01, not -$9/1.01. > >> So you push 2. Where's the paradox? >> >> Brent Meeker > Regards