Paradox Probability

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?




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Mr. Buttons was all set to go to the village of Buttonland to meet his friend. So, he packed his bags and left for the village at 5 in the morning. Upon travelling on a road for miles, he came across a point where the road diverged into two. He was confused on which road to take. He gazed around and he saw two owls sitting on a branch. He thought he could ask for directions for the village from the two owls. So he went to the tree. There he saw a sign which read, "One owl always lies, and one is always truthful. They both fly away if you ask them more than 1 question."
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It's been the first day of the school when a young girl was found raped and murdered.
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1. Wayne: I was reading the newspaper.
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Amazing Facts

No Solution

In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki