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Who wants to be a Millionaire?

After reading this post, I have some questions and I asked the author directly for discussions.

Here's the questions and replies I got from Bucky! Hope it'd be useful to some of you.

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Q1.

In the section of Working through the odds, how is the priori of the contestant's judge (0% for C and D) affecting the posteriori (28% 48% 24% 0% from the audience)?

And, how did it change from 6:1 (66% 11% 11% 11%, 2/3 given by Kelly's criterion) to only a 10% edge?

A1.

6:1 is the amount of evidence I required in order to be justified in guessing. This... (read more)