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To: E. Charters who wrote (13140)6/12/2006 10:07:30 PM
From: emrs1  Read Replies (2) | Respond to of 78419
 
Hi Eric (and Gib),

Sorry for the delay, sometimes I don't have a chance to check in for a few days.

Thank you both for taking the time to delve further into this with (for) me, and yes the visit from Rev. Bayes was quite useful. As I said in the first message, I do understand and appreciate the correctness of the switching strategy, I just wasn't grokking the role being played by aspects of how the problem is framed, and your replies were helpful.

So, if I have one thousand prospective drill plays, each with an equal chance of being the 1 in a thousand that becomes a mine, and buy one -- should I switch if I see a news release that reveals one of those I didn't pick to be a bust? Just kidding...

cheers, jim