Say we have the following problem (source):
Bobo the amoeba has a 25%, 25%, and 50% chance of producing 0, 1, or 2 offspring, respectively. Each of Bobo’s descendants also have the same probabilities. What is the probability that Bobo’s lineage dies out?
You can probably the probability of extinction $p$ as $$p = \frac{1}{2}p^2 + \frac{1}{4}p + \frac{1}{4}$$
Which if you solve leads to solutions 1 and .5. That said, why is the "correct" answer 1/2?
There is a discussion of a similar problem on some of the comments on this thread (Amoeba Interview Question), but I don't really understand the reasoning, especially since in this problem we don't have a root above the value of 1.
Thoughts?