6 You have made it to the final round of Lets Make a Deal. You know there...

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6 You have made it to the final round of “Let’s Make a Deal.” You know there is $1 million behind either door 1, door 2, or door 3. It is equally likely that the prize is behind any of the three. The two doors without a prize have nothing behind them. You randomly choose door 2, but before door 2 is opened Monte reveals that there is no prize behind door 3. You now have the opportunity to switch and choose door 1. Should you switch? Assume that Monte plays as follows: Monte knows where the prize is and will open an empty door, but he cannot open door 2. If the prize is really behind door 2, Monte is equally likely to open door 1 or door 3. If the prize is really behind door 1, Monte must open door 3. If the prize is really behind door 3, Monte must open door 1. What is your decision?

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