"The Bottle Imp" (1893) is a great horror story by Robert Louis Stevenson. (You might want to read it before continuing here, but it's not much of a spoiler if you do.)
Futility Closet: An Idler's Miscellany of Compendious Amusements, by Greg Ross, describes the paradox of the bottle:
In Robert Louis Stevenson's story “The Bottle Imp,“ the titular imp will grant its owner (almost) any wish, but if the owner dies with the bottle then he burns in hell. He may sell the bottle, but he must charge less than he paid for it, and the new buyer must understand these conditions.
Now, no one would buy such a bottle for one cent, as he could not then sell it again. (The imp can’t make you immortal, or support prices smaller than one cent, or alter the conditions.) And if 1 cent us too low a price, then so is 2 cents, for the same reason. And so on, apparently forever. It would be irrational to buy the bottle for any price.
But intuitively most people would consider $1,000 a reasonable price to pay for the use of a wish-granting genie. Who's right?
Side note: I learned about "The Bottle Imp" after someone pointed out that a short story, "Miniature Bottle", which I wrote for the anthology Significant Objects: 100 Extraordinary Stories About Ordinary Things, reminded them of Stevenson's story.
Here’s a good paradox from our friends at Futility Closet: A driver is sitting in a pub planning his trip home. In order to get there he must take the highway and get off at the second exit. Unfortunately, the two exits look the same. If he mistakenly takes the first exit he’ll have to […]
Cracked has compiled a collection of 20 fun-to-ponder paradoxes, including the famous Paradox of the Court. From Wikipedia: The Paradox of the Court, also known as the counterdilemma of Euathlus, is a very old problem in logic stemming from ancient Greece. It is said that the famous sophist Protagoras took on a pupil, Euathlus, on […]
From the YouTube description of this TedEd video: Imagine a police lineup where ten witnesses are asked to identify a bank robber they glimpsed fleeing the scene. If six of them pick the same person, there’s a good chance that’s the culprit. And if all ten do, you might think the case is rock solid. […]
With all due respect to our vegetarian friends, there might be nothing more intrinsically linked to the 4th of July holiday than a big ole cookout. Sure, fireworks and celebrating the birth of a constitutional republic are great too, but showing off your cooking prowess with a brilliantly seared, mouth-watering slab of grade-A American beef […]
We’re at the midway point of 2020. So…how’s the year going for you so far? Yeah…we can guess. But while there’s a lot about 2020 we can’t directly control, maybe a little retail therapy can help make you feel better. Sure, the 39 items we gathered together can absolutely bring a smile to your face. […]
When revved-up kids used to dribble a basketball through the kitchen or practice their footwork with a soccer ball in front of the television, exasperated parents would often just send ‘em outside to play. But these days, sending kids out might not be the best course of action. Despite all the changes, many budding young […]