Xeorm said:
The problem resides in the English of the question. There are two "beginnings" from which I can calculate the odds. Either from the start of the question, or after I've taken out the gold coin. Which beginning I should start at to then calculate isn't clear.
Actually, there aren't two beginnings. The paradox is in assuming that there the two activities are independent.
If the question had been "what is the probability that a box with a gold coin contains another gold coin?", the answer would be 1/2. The participant
perceives themselves to be a part of this independent activity. In reality, they are not. The trick is that you have to identify the probability of them being in a situation that would result in having a gold coin in their hand.
Let's look at the possible outcomes, labeling each gold and silver coin by number.
1) G1 - G2, pick G1
2) G1 - G2, pick G2
3) S1 - S2, pick S1
4) S1 - S2, pick S2
5) G3 - S3, pick G3
6) G3 - S3, pick S3
These are the six possible states. Looking at this, they have a 50% chance of seeing a Gold coin. But, we already KNOW they saw a gold coin. So, only states 1, 2 and 5 are valid. And each of these states are just as likely as the other.
So, we are left with:
1) G1 - G2, pick G1
2) G1 - G2, pick G2
5) G3 - S3, pick G3
If the question is "what is the probability that the second coin is gold?", this is obviously 2/3 or 66%. Two of the three options have a gold coin.
Now posit that the same question was asked prior to seeing the coin in your hand. "Having an unknown coin in your hand, what is the percent chance that the second coin is gold?" In this case, it is 1/2, because 3 of the six possible states have a gold coin.