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Subject: Re: ... a money-making opportunity !

Author: Rolf Tueschen

Date: 13:34:07 09/25/02

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On September 25, 2002 at 15:45:44, GuyHaworth wrote:

>
>Rolf,
>
>I sympathise with your confusion, but I regret that your conclusions are
>incorrect.
>
>I heard of the 3-door scenario some years ago and was convinced that there was
>no advantage in switching.
>
>However, I was wrong then.  The explanation given is perfectly correct.  Suppose
>you choose a door - let's call it 'A':  the chance the car is there is 1/3.  The
>show host then proves that the car is not behind another door - let's call it
>'B'.
>
>So where's the remaining 2/3 probability?  It's sitting behind door 'C'.
>
>Why does this seem odd.  Because 'C' isn't a physical door, fixed before the car
>is driven in.  Had the car been put behind the physical door,  labelled 'B'
>above only temporarily, the host would have chosen the other door the contestant
>did not choose.
>
>
>If you still think it's 50/50, I would be happy for you to offer me those odds
>as the bookmaker and I would employ the 'switch strategy' throughout.  Over 3N
>trials, I would expect to lose N times and win 2N times, a gain of N. At $1 a
>trial, what N would you care to specify?
>
>[ When navigating in offshore races, if the crew insist that I have my facts
>wrong, I pretty quickly ask them to put their money on the table.  It works. ]
>
>g

Not really, Guy. :)

You fall into the Marilyn trap too. Not a big accident as such but simply wrong.
NB when you begin to enjoy the coming routine, you are already way off the line
of my argument. Because there is _no_ future after the unique event for the
individual candidate. Of course with such a future of n>1 you were right.
But I was interested in the n=1 cases. BTW I take for granted that you know that
even 1/3 to 2/3 doesn't mean that it's impossible for the 1/3 to win 15 times in
a row... :)

Just take a look into the maths of roulette. The bank is always winning. If its
budget is high enough. <g>

Since you have some experience with bookmakers and money in general, what would
you say, could my odds grow into heavens if people once realised that I'm a new
say Einstein, Pascal or Fermat, take any name you want...?

:)

Rolf Tueschen



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