Reminds me of that old logic quiz/ problem.
You're on a game show, and Monty Hall shows you 3 doors. 2 of them are empty, and behind one of them is 1,000,000$.
You pick one door, but before you open it, Monty opens up one of the remaining doors and shows you that it is empty. If you want to maximize your odds of winning the million, do you:
A: Switch your pick to the door that you did not chose, and Monty did not open,
B: Or do nothing, because it doesn't matter
The answer is A. If you switch, your expected return is 666k, while if you stay it's only 333K. I've known college educated people that refuse to believe this is true.
I heard this one before, but to this day, I still don't understand. If anyone can offer me an explanation as to why this is, I would love to hear.
I've found people understand it better if you increase the number of doors.
You pick one door out of 100, which has a 1% chance of having the prize behing it. Monty then opens 98 other doors, leaving just two doors - the one you picked, and the other one.
Should you switch or does it not matter.
As for an actual explanation (of the usual problem), there are essentially two cases: If you pick right or if you don't.
If you pick the right door to start with (prob 1/3), then Monty opens another door at random. If you switch to the final door then with probability 100% you will lose, and with probability 0% you will win.
If you pick a wrong door to start with (prob 2/3) then Monty opens the other incorrect door. If you switch to the final door then with probability 0% you will lose and with probability 100% you will win.
So what's the probability that you win?
If you stick:
(1/3)*100% + (2/3)*0% = 1/3
(Prob of picking right door to start * chance staying is right) + (Prob of picking wrong door to start * chance staying is right) = 1/3
If you switch:
(1/3)*0% + (2/3)*100% = 2/3
(Prob of picking right door to start * chance switching is right) + (Prob of picking wrong door to start * chance switching is right) = 2/3