You have two strings whose only known property is that when you light one end of either string it takes exactly one hour to burn. The rate at which the strings will burn is completely random and each string is different.
This is a famous paradox which has caused a great deal of argument and disbelief from many who cannot accept the correct answer. Four balls are placed in a hat. One is white, one is blue and the other two are red. The bag is shaken and someone draws two balls from the hat. He looks at the two balls and announces that at least one of them is red. What are the chances that the other ball he has drawn out is also red?
Jim and Sarah are in a long-distance relationship. Jim buys an engagement ring for Sarah and wants to mail it to her. Unfortunately, the only way to ensure the ring will be received is to place a lock on the package. Jim has locks and Sarah has locks, but neither has keys for each other’s locks. How can they make sure the ring isn’t stolen?
Two friends were betting. One said to the other, "The coin will be flipped twenty times and each time the coin lands on the head, I will give you $2 and each time it lands on the tale, you will give me $3." After flipping the coin twenty times not a single penny was exchanged among them.
