No, the point is that even if both labels had said "the treasure is in the red box" then it still could have been in the green box. There is no reason why the labels should be expected to say the truth, they're just labels.

Quite. It’s the difference between:

> You wake up in front of a box which has a label that says “treasure inside”. Should you assume there is treasure inside?

to which the answer is clearly “maaaaybe?” and

> You wake up in a world with accurately labelled boxes, in front of a box which has a label that says “treasure inside”. Should you assume there is treasure inside?

Where the answer is yes, and if the person setting the problem says “hahah no!!!” you can say “well look, that wasn’t a fair puzzle”.

It is primarily a “do you have sufficient information” problem, like in the GMAT, with a level of misdirection thrown in.