Monty-Hall Theorem: Bayes-Price Rule (Bayes Theorem) for a Three Parameter Event Space

This research report presents the statement of the Monty-Hall Theorem and provides a constructive proof by solving the classical Monty-Hall Problem. It establishes the fact that the probability of winning the prize is indeed unaffected by a switched choice – very much unlike the most prevalent and widely accepted position held by the Leading Subject-Matter-Experts.