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If the last passenger is displaced, where do they sit?

Asked at Jane Street, SIG

150150 passengers board a full flight in order. Passenger 1 lost their boarding pass and sits in a uniformly random seat. Everyone after sits in their own seat if it is free, otherwise picks a free seat uniformly at random. It is well known that passenger 150 gets their own seat with probability 12\tfrac12.

Given that passenger 150 does NOT get their own seat, which seat do they end up in? And what is the probability they end up specifically in seat 1?

Your answer

This one is open-ended. Work it through, then check your reasoning against the full solution.

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