My problem with Monty Hall is that it’s not a repeated game. Average probabilities don’t help me.
This is the point Taleb makes in a lot of his books. You are not the average probability. You only get one play through [life] and the only thing that matters is how the dice fall for you. Even a 90% average chance of getting $prize, is still a 10% chance of walking away with nothing and you better be ready to get that one because you very well might.
The strategy to increase your average probabilities works in poker. Because you play multiple hands and even multiple games. In Monty Hall, you’re just making a guess and no matter how clever you are about it, it’s still just a guess. There is no strategy because the game doesn’t last long enough for strategy to matter.
Now if you had an iterated monty hall, then yes, bring out the maths.
This is the point Taleb makes in a lot of his books. You are not the average probability. You only get one play through [life] and the only thing that matters is how the dice fall for you. Even a 90% average chance of getting $prize, is still a 10% chance of walking away with nothing and you better be ready to get that one because you very well might.
The strategy to increase your average probabilities works in poker. Because you play multiple hands and even multiple games. In Monty Hall, you’re just making a guess and no matter how clever you are about it, it’s still just a guess. There is no strategy because the game doesn’t last long enough for strategy to matter.
Now if you had an iterated monty hall, then yes, bring out the maths.