Re: The envelope problem, and a possible solution
The system I had in mind was to generate a random variable U which is uniform on (0,1). I would decline the bet if the amount in my envelope was greater than (1/U)-1. I believe this is +EV for me, regardless of how you choose T, unless of course you choose T=0. I will leave it to you to check my math, if you're so inclined.
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