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?

Ouch sorry.

What I meant to say is that asking "Would you play for $100?" is the same as asking (since 2^6 = 64 ≤ 100 ≤ 128 = 2^7) is simply asking "Do you think an average streak is 7 or more heads in a row, or do you think it is 6 or less?"

Posted by TomM on 2002-10-09 18:12:19