This is a popular one, and I'm intentionally rewording it in the hopes that it can't be easily google'd. (Hopefully I won't also screw it up!)
Let's say I'm in a generous mood, and I invite you to choose from three cardboard boxes in my living room. You can't touch them, and they are identical. One of them contains $100,000 in cash, the other two are empty.
Left with no way to tell one from another, you randomly select one.
Still feeling generous, I decide to give you a break. I open one of the boxes you did NOT choose and show you that it is empty. I now give you the chance to change your answer and select the remaining unopened box.
What should you do? Keep your original decision? Switch? Or does it matter one way or the other?
Dave