Wednesday, 10 October 2012

Monty Hall Variant

Consider 3 doors A,B,C and each of them can have a car worth Rs 3 lac with 0.5 probability. Now, you chose door A and the show host opened one of the door which contained a car. Now, he has given you 3 offers
Offer 1: You can stick to door A
Offer 2: You can change your door
Offer 3: Take 1,25,000 and leave the game

Which offer would you chose? What is the minimum amount the show host must offer you so that you can take his offer and leave the show?

Assumption: Show host knows everything behind the doors