Halfer (P = 1/2)
Premise: Sleeping Beauty knew she would be awakened. Being awake provides no new information about the coin.
Argument: Before the experiment, she knew the coin was fair (50/50). When she wakes, she still knows the coin was fair. Nothing has changed → P(Heads) = 1/2.
Advocate: David Lewis
Thirder (P = 1/3)
Premise: There are three equally likely "centered" situations: (Heads, Monday), (Tails, Monday), (Tails, Tuesday).
Argument: Only one of these three involves Heads. By self-locating uncertainty, P(Heads) = 1/3. Long-run frequency confirms this!
Advocate: Adam Elga (majority view)