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Far and away the best prize that life has to offer is the chance to work hard at work worth doing.
THEODORE ROOSEVELT
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How are you navigating the intricate balance between managing finances and fostering deep connections within your family?
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“Far and away the best prize that life offers is the chance to work hard at work worth doing.”
THEODORE ROOSEVELT
Restricted Choice
The Monty Hall Problem is based on an old TV Game Show.
You choose one door. The host gets the other two. One door has a prize, the other two have nothing.
The host has a 100% chance of getting 1 door with no prize.
He has a 66% chance of getting 1 door with a prize
He h...
Switch!
Because the host has played his no prize door...restricted choice principle states that the likelihood that his other door has no prize is now decreased.
Remember the intial probabilities have not changed. The doors weren't reshuffled.
You still picked a door with a 66% chance of it ...
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