We play a game as follows:

I place one dollar on the table. I repeatedly flip a coin. Each time the coin comes up heads, I double the money on the table. The first time the coin comes up tails, you take the money and the game is over.

What's a fair admission price for the game?

Would you play the game with me for $100?

So when do I take the money? If the coin shows heads I put double what's already on the table, and if tails comes up, then you take all the money I was putting on the table while throwing heads.

Or am I missing something?

Posted by levik on 2002-10-09 11:37:23