To ruin the fun of making all kinds of interperations of the original problem, let's make it a little bit mathematical, then we can discuss what exactly are we debating:www.ddhw.com
Let X denote the sex of the elder child, Y that of the younger child. Both X, Y can be regarded as random variables that take value 'B' or 'G', with probability 1/2 for each. Also, assume that X and Y are independent.
Then the original problem is converted to:
Prob(X = 'B' and Y='B'| X='B' or Y='B') = Prob(X='B' and Y='B')/ Prob(X='B' or Y='B') =