Suppose you are offered the chance to play the following game. A fair coin will be tossed until a head appears. If a head occurs for the first time on the n^th toss then you will be paid 2 n dollars. How much would you be willing to pay to play this game?
You have a way with words, Scheherazade.
Friday, February 17, 2012
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment