Holy crack! this is the first time I've seen this. I first thought that it should be 1/2 he gets the prize- it won't matter if he switches or not.
This site helped me get it though:
http://www.grand-illusions.com/monty.htm
Here's how they explain it: Suppose that the contestant choosed door 1 and sticks with it (i.e. doesn't switch):
(the one in green is the door that monty opens)
Door 1 | Door 2 | Door 3
goat |
goat | Car | LOSE
goat | Car |
goat | LOSE
Car |
goat | goat | WIN
So prob of winning = 1/3
But if the contestant switches every time:
Door 1 | Door 2 | Door 3
goat |
goat | Car | WIN
goat | Car |
goat | WIN
Car |
goat | goat | LOSE
So prob of winning = 2/3.
WHOA!