All this arguing about priors eerily resembles scholastics, balancing angels on the head of a pin. Okay I get it, we read Omega's Bible differently: unlike me, you see no symbolic significance in the mention of red. Riiiiight. Now how about an experiment?

Agreed. For what it is worth, I do see some significance in the mention of red, but cannot figure out why and do not see the significance in the 12 color example. This keeps setting off a red flag in my head because it seems inconsistent. Any help in figuring out why would be nifty.

In terms of an experiment, I would not bet at all if given the option. If I had to choose, I would choose whichever option costs less and right it off as a forced expense.

In English: If Omega said he had a dollar claiming the next bead would be red and asked me what I bet I would bet nothing. If I had to pick a non-zero number I would pick the smallest available.

But that doesn't seem very interesting at all.