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The Infamous Monty Hall Problem: Answer


Hold on to your hats...

you *double* your chances by switching

This is, at first look, way counter-intuitive, so here's an attempt at an explanation:

Take a look at this matrix of possibilities:
  Door A Door B Door C
Case 1: bogus bogus Good
Case 2: bogus Good bogus
Case 3: Good bogus bogus
Let's assume you choose door A -- you have a 1/3 chance of a Good prize.

But (this is key) Monty knows what is behind each door, and shows a bogus one.

In cases 1 and 2, he eliminates doors B and C respectively (which happen to be the only remaining bogus door) so a Good door is left: SWITCH!

Only in case 3 (you lucked out in your original 1 in 3 chances) does switching hurt you.

So, your probability goes up from 1/3 to 2/3 if you switch after being shown a bogus door.

Caveat: of course, this only works if Monty is guaranteed to show you a bogus door every time after you choose a door, something that was not assured in the original game show.
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