If these dudes can lose like that, in spite of having the best equipment ...smartest minds....etc ...where is the hope for a peep squeak like me?
Your quote clearly says that you thought the original odds were 1/6 and 1/3 after switching..now after looking at it with "finer detail" you come to the conclusion that its actually 1/3 and 2/3, just as I wrote. It takes a big man to admit when you are wrong - you are quite small. I really liked the part where you attempted to chastise me about reading the article when it appears you are the one who didn't bother to read it. I know, I know - misaligned perspective...whatever
Oh brother. Wikipedia is a nice resource but it is useful, believe it or not, to have actually studied the topic too. Maybe you'll understand if you ever find yourself in a job interview asking if you can look up answers on the net.
One aspect of the interview that perhaps was overlooked in this whole discussion was whether the subject can tell if the host is deceitful or not. If the host is deceitful and always turn over the cup only when the subject has correctly chosen, then the subject should never change his selection. I think subconsciously, Batman28, that you perceived the interviewer as deceitful, as 99% of traders usually are, then you came to the right conclusion.
Try to make this about me, Wiki, anything but the fact that you didn't know what you were talking about when you posted. Sorry but your mental diarrhea its right there for all to see:
Let's see. What is the ratio between 1/6 and 1/3? Same as 1/3 to 2/3. Do you understand why that is pertinent to the given example and the Wikipedia explanation? Probably not. As for any supposed mental diarrhea on my part I'm sure anyone who has taken basic Statistics can understand the point I was making which is the same reason I could at least understand the rationale behind batman28's answer. That you do not even seem to recognize the method being employed tells me enough about your own qualifications to judge my answers.
clients gave him money to gamble the markets,and he gets paid for shuffling cards. that is how useful quant trading is in REALITY
at the end of the day nothing is produced only more money printed by the FED and the card shufflers dealers and brokers get their commission check.