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

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