Painting Probability Problem
2 Answers
To solve this problem we need to use the Bayes' Theorem. Let’s denote the following events:
- $A$: The painting is a copy.
- $B$: The person believes the painting is original.
We want to find the probability that the painting is actually a copy given that the person believes it is original. In Bayesian terms, this is $P(A \mid B)$.
We start by using Bayes' Theorem:
\[P(A \mid B) = \frac{P(B \mid A) \cdot P(A)}{P(B)} \]
Note that:
- The probability that a painting is a copy is $P(A) = 0.25$.
- Consequently, the probability that a painting is original is $P(A^c) = 1 - P(A) = 0.75$.
- The person makes a mistake 20% of the time. Thus, if a painting is a copy, there is an 80% chance the person will incorrectly identify it as original: $P(B \mid A) = 0.20$.
- If a painting is original, the probability that the person correctly identifies it as original is 80% (so there's a 20% chance of mistakenly identifying it as a copy): $P(B \mid A^c) = 0.80$.
Calculate the total probability that the person believes the painting is original ($P(B)$):
\[ P(B) = P(B \mid A) \cdot P(A) + P(B \mid A^c) \cdot P(A^c) \]
\[ P(B) = (0.20 \cdot 0.25) + (0.80 \cdot 0.75)=0.65\]
Now we have
\[P(A \mid B) = \frac{P(B \mid A) \cdot P(A)}{P(B)} \]
\[ P(A \mid B) = \frac{0.20 \cdot 0.25}{0.65}=0.0769=7.69\%\]
Therefore, the probability that the painting is actually a copy given that the person believes it is original is approximately $7.69\%$.

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I decided to answer your question as this seems to be your first time asking a question here.
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Thank you so much. Yes this was my first time.
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In future, please consider offering a fair bounty, otherwise users may not have the incentive to spend time on your questions.
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Erdös' answer is correct. As an illustration with concrete numbers, here's how you get the same result with elementary reasoning and without Bayes' theorem:
Let's say the collector has 100 occasions to buy a painting.
In 25 cases, it is a copy, but he won't recognize it (and think it's an original) in 20% = 1/5 of these cases, and therefore buy 5 copies.
In the 75 cases where it's an original, he will erroneously take it for a copy in 20% of thes cases, and only buy 80% = 4/5 of these originals, i.e., he'll buy 75 x 4/5 = 15 x 4 = 60 originals.
So, the probability he buys a copy thinking it is an original, is the ratio of copies he buys among all of his purchases, i.e., 5 / 65 = 1 / 13 ~ 7.69%.
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