In the example, V is being used to represent both the larger prize and the smaller prize.This can't be correct. If V is fixed at the value of the smaller prize the average return for switching is 3V/2. This is the same as the return for not switching.
In the example, V is being used to represent both the larger prize and the smaller prize.This can't be correct. If V is fixed at the value of the smaller prize the average return for switching is 3V/2. This is the same as the return for not switching.