I took a look at your table, and I have to say, it was a great variant. It took me a while to de-confuse my thoughts about it, and made me realize I wasn’t as comfortable with the SB problem as I thought.
Initially I was a bit uncertain what you meant by “round”, whether it was a wake-up event of a full iteration of the experiment. After rereading a few times, I became more certain that it was the latter.
So, you gain $30 if the coin lands heads and $6 + $6 = $12 if it lands tails. So your expectation of gain per iteration of the experiment is 1⁄2 * $30 + 1⁄2 * $12 = $21
There are 3 equally likely wake-up events, so the expectation of gain per wake-up event is 1⁄3 * $30 + 1⁄3 * $6 + 1⁄3 * $6 = $14
We can notice that there are on average 1.5 wake-up events per iteration, and $14 * 1.5 = $21, so that checks out.
Now, let’s say I experience a wake-up event. I believe that there is 1⁄3 chance that the coin landed heads. You think that my calculation for the expected gain per iteration will be 1⁄3 * $30 + 2⁄3 * $6 = $14
However, I reason: if the coin landed tails, I won’t gain $6, I will gain $6 * 2, once for Monday and once for Tuesday. So my expected gain per iteration is 1⁄3 * $30 + 2⁄3 * $6 * 2 = $18
That’s the point where I was confused. What did that $18 mean? What actually helped me figure it out was the betting scheme that you added in your post.
Sleeping Beauty is put to sleep like normal with only the usual information supplied to her about the original SB problem. When she awakes, there is a surprise message left for her:
You may agree to play the following game: If the coin had flipped Heads, your bank account will receive $30 right now. If the coin had flipped Tails, your bank account will receive $6 right now. However, once this round of experiment is over and you awake, you will pay $18 for having played this game. (If you are inconsistent between wakings about whether you agree to play the game, the game is considered defunct and all bank transfers will be reverted.)
This betting scheme is a based on a version of the SB problem where the Monday guess and the Tuesday guess are counted as a single one. So, Tuesday is unnecessary, so (see previous comment) it boils down to the trivial prediction of the result of a fair coin toss. $21 - $18 = $3 gain expectation.
Next I tried a few variations:
if the bets are per wake-up (SB can bet once on Monday and another time on Tuesday), but SB is only paid for her current situation (if she bets on Monday she gains $6 and pay $18, same for Tuesday), then her gain expectation is 1/3($30 - $
$6 - $18) = -$4. In other words, it’s $14 (average gain expectation per wake-up event) - $18 (cost to bet per wake-up event).if the bets are per wake-up, but SB is paid for both Monday and Tuesday when she bets on either Monday or Tuesday, then her gain expectation is 1/3($30 - $
$12 - $18) = $0. So that’s what the $18 found with the thirder calculation meant: it’s the gain expectation, over the whole iteration, but knowing that she’s in a wake-up event. In hindsight, I should have guessed, because it naturally corresponds to the formulations where the thirder answer is correct. It is not meaningless: if you repeat the experiment a large number of times, and then tag each wake-up event with the profit that SB made during the iteration that included that event, then the average of tags will be $18. In other words, when SB’s Monday and Tuesday answers are not conflated in a single one, it does answer the question (to SB during a wake-up event): how much money do you expect to gain during this iteration? It’s not intuitive, but it checks out.
So, cool variation, but ultimately each interpretation finds the result that it expected.
I went to check Adam Elga’s paper. It’s very short, only 5 pages written with a big font. He does ask
But he doesn’t mean that you (the person experimented upon) know that it’s your first awakening. Rather, it’s a way to single out Monday’s awakening for the sake of the reader. It’s obvious later in the paper:
So the 2 versions of the problem on wikipedia are consistent. Still, if I was confused by the formulation of the first, I bet I’m not the only one.