21 Jul '11 23:48>
Originally posted by PalynkaHmm, what if the estimated upper bound were 50, what would you guess then?
You guess the number that pops out because there is an implicit assumption about a uniform distribution for n.
Originally posted by AnthemLet's then treat it as asking for the original number present, which I'd bet is the number on the ball that showed up, in this case, 12. I think there is no other guess that has a greater predictable chance of being right. It's like you know there are 11 other balls with lower numbers, and that's all you know. I look forward to being wrong. 🙂
Palynka,
Yes, I'm assuming uniform distribution.
JS357,
As to your first point, you are right, it wasn't a trick, just imprecision.
For the second, yes, I meant "can be" as in the maximum capacity of the container.
Originally posted by AnthemYes to your comment on knowing there is an upper bound making a difference. I wonder whether, as capacity increases but remains finite, the chance that there are 12 balls, while diminishing, remains greater than the chance that any other specific number you might guess, might be the best guess to make. It seems that there would be no crossover as capacity goes from 12 upward.
Answers:
A1: 12 (or 11 taking into account my imprecision)
A2: Knowing (or being able to estimate) the upper bound makes no difference.
However (in reply to you, JS357) the existence of an upper bound does make a difference, even if you have no idea what it is. So in the first casino if you only knew that there were a finite number of balls, but no upper bound, the chance that there were 12 balls would approach 0.
Originally posted by forkedknightWhat do you mean by it's no longer uniform? The uniform is only on the prior distribution of n, that doesn't depend on which type of bet one is making... So maybe I'm misreading you?
If the payout was based on how close you are to the correct answer (as opposed exact), the problem becomes much more interesting to me.
It is no longer uniform distribution.
Estimation of an upper bound matters.
How else would this change things?
Originally posted by AnthemThis is exactly the issue that I was saying with allowing n to be unbounded. I'm very relieved to see I'm not the only one that's picky with this things! 🙂
#2 I thought up this problem when I was considering the doomsday argument http://en.wikipedia.org/wiki/Doomsday_argument. Oddly people seem to claim that this argument is Bayesian, but when I tried to fit it into that framework it didn't seem to make any sense (perhaps they're using the term "Bayesian" differently) unless I added in a theoretical upper limit ...[text shortened]... (as in this problem). If anyone knows anything more about this, I'd love to hear your take.
Originally posted by PalynkaI guess I stated that incorrectly. The distribution of the value of n is still uniform, but the estimated value of a guess of 'k', where k is the number on the observed ball, would no longer be 1/n
What do you mean by it's no longer uniform? The uniform is only on the prior distribution of n, that doesn't depend on which type of bet one is making... So maybe I'm misreading you?
Originally posted by AnthemIsn't that exactly what you hinted at by suggesting the player could see the container holding the balls?
forkedknight,
I think if we based payout on how close you are to the correct answer than the best bet depends on the payout scheme. However, this got me thinking about the expected value of the number of balls in the container.
So, as I said earlier, P(n=x|r=12) = 1/x * 1/sum(k=12,m,1/k)
Thus, given some bound m, the expected value is:
sum(j=12,m, j ual number for the expected value without some sort of prior estimate of the size of the bound.
Originally posted by forkedknightIn the original problem? No, it doesn't matter whether you know in the original, because you only win the bet if you give the exact number of balls in the container, not the expected value of the balls in the container.
Isn't that exactly what you hinted at by suggesting the player could see the container holding the balls?
If you want to make this a practical example (a machine in a casino), then you have lots of assumptions you can make about how the machine might work (size/volume constraints, cost constraints, complexity.
In this case, you need to think a bit more like an engineer, and a bit less like a mathematician.