Jonathan_Graehl comments on Updating, part 1: When can you change your mind? The binary model - Less Wrong
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Right up until your reply prompted me to write a program to check your argument, I wasn't thinking in terms of relative frequencies at all, but in terms of probability distributions.
I haven't learned the rules for relative frequencies yet (by which I mean thing like "(don't) include counts of variables that have a correlation of 1 in your denominator"), so I really have no idea.
Here is my program - which by the way agrees with neq1's comment here, insofar as the "magic trick" which will recover 1/2 as the answer consists of commenting out the TTW line.
However, this seems perfectly nonsensical when transposed to my spreadsheet: zeroing out the TTW cell at all means I end up with a total probability mass less than 1. So, I can't accept at the moment that neq1's suggestion accords with the laws of probability - I'd need to learn what changes to make to my table and why I should make them.
That program is simple enough that you can easily compute expectations of your 8 counts analytically.