kailsar post=18.73797.816844 said:
Why is my matrix inapplicable? Because we've received new information? But I've modelled that new information perfectly in the matrix. Remember, you agreed that 'you've won one of the bets' could mean different things, you agreed that the proper interpretation was "I've won either bet 1 or bet 2". That leaves you with three equally likely outcomes. How do I know they're equally likely? Because there were four equally likely outcomes to begin with, and we ruled out one.
Apples and oranges. Try this:
1) There are two bets: A and notA, that's the principle of the excluded middle. When there are only two possible states a thing can be, it is either A or it is notA. This way you won't get hung up on the 'order' anymore.
2) The bets were equal, which means winning bet A and losing bet notA yields the same payoff--breaking even--as losing bet A and winning bet notA.
3) There are three possible outcomes: win both, win one and lose one, lose two, so let's see the various possibilities:
Win Both Bets = .25 (.5 win bet A x .5 win bet notA)
Win One Bet, Lose the Other = .50 (.5 win bet A x .5 lose bet notA + .5 win bet notA x .5 lose bet A)
Lose Both Bets = .25 (.5 lose bet A x .5 lose bet notA)
+++++
Fine so far, right? Now we get some new information: we find out we've won one of our bets. This means we've one either bet A or bet notA, and we know that by virtue of (1), the principle of the excluded middle. So let's imagine two hypothetical scenarios that cover all the possibilites. One where the bet we've won is A, and one where we've won bet notA:
Won bet A, bet notA is just the same as before:
Win Both Bets = .50 (1.00 win bet A x .5 win bet notA)
Win One Bet, Lose the Other = .50 (1.00 win bet A x .5 lose bet notA + .5 win bet notA x 0.00 lose bet A)
Lose Both Bets = 0.00 (0.00 lose bet A x .5 win bet notA)
+++++
Now the other possible scenario, we won bet notA and bet A's chances are just the same as before:
Win Both Bets = .50 (.5 win bet A x 1.00 win bet notA)
Win One Bet, Lose the Other = .50 (.5 win bet A x 0.00 lose bet notA + 1.00 win bet notA x .5 lose bet A)
Lose Both Bets = 0.00 (.5 lose bet A x 0.00 lose bet notA)
+++++
See what happened?
--Under either possibility (won A or won notA) the odds of all the outcomes--and especially important because it's the question we're asked, the odds of winning BOTH bets--come out the same;
--We know both possibilities cover the range of all possible outcomes thanks to (1) the principle of the excluded middle;
--We know that if we win one bet and lose the other we break even no matter which specific bet was lost and which specific bet was won thanks to (2) because the payout on each bet was equal (EXTRA CREDIT: although technically this is irrelevant--can you guess why?)
Whether we win bet A or bet notA, the odds come out the same under either of the two possible scenarios, so if winning a bet is like finding a male puppy, the answer to the two male puppies question is the same as the answer to the two won bets question: 50/50