Friday puzzle -- pick the largest number
Alex Y
In the game of googol, one person takes a known number of slips of paper, and writes a different positive number on each. No information is available on the range or distribution of numbers written on the slips of paper. The pieces of paper are shuffled and put face down on a table. The other person then turns the pieces of paper over, one at a time, and stops when he turns over what he thinks is the largest number in the whole set.
Obviously, with only two slips of paper, the player has a 50% chance of choosing correctly, with no strategy involved.
Part I: With the proper strategy, he can also win 50% of the time with three sheets. What is that strategy?
Above three sheets of paper, the probability of winning decreases as the number of slips of paper increases, even with the optimal strategy.
Part II:What is the players best strategy with a large number of sheets, say 1,000, and what is his chance of correctly calling the highest number when he turns it over?
