Imagine a man with three cards. One is black on both sides, one red on both sides, and one black on one side and red on the other. He drops the cards into a hat and asks you to pick one, but only to look at one side; let’s assume it’s red. The man notes that the card you picked couldn’t possibly be the card that was black on both sides, and therefore it must be one of the other two cards—the red-red card or the red-black card. He offers to bet you even money that it is the red-red card. Is this a fair bet? At first glance, it seems so. There are two cards it could be; he’s betting on one, and
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