One can give a simple argument based on cardinality counting for the algebraic case.
Suppose that $V$ is a vector space of dimension $\mathrm{card}(I)$. Then $V$ is isomorphic to a direct sum $k^{\oplus{I}}$ of $I$-copies of $k$. Next
$$\left(k^{\oplus I}\right)^* = \mathrm{Hom}_k(k^{\oplus I},k) \cong k^{\prod I}$$
where the right hand side is the product of $I$ copies of $k$ (considered as a vector space over $k$). Suppose now that
$$\mathrm{card}(k) < \mathrm{card}(I)$$
Then
$$\mathrm{card}\left(k^{\prod I}\right) \geq \mathrm{card}\left(2^I\right) > \mathrm{card}(I) = \mathrm{card}\left(k^{\oplus I}\right)$$
This implies that under the assumption $\mathrm{card}(I) > \mathrm{card}(k)$ we have
$$\mathrm{card}(V^*) > \mathrm{card}(V)$$
In particular $\mathrm{dim}(V^*) > \mathrm{dim}(V) = \mathrm{card}(I)$. Now you can use exactly the same argument to show that
$$\mathrm{card}(V^{**}) > \mathrm{card}(V^*)$$
So in general $V$ and $V^{**}$ do not have the same cardinality.