perplexus.info :: Games : Flipping for Dollars

Flipping for Dollars (Posted on 2002-10-09)

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?

See The Solution Submitted by Jim Lyon

Rating: 3.9000 (10 votes)

Comments: ( Back to comment list | You must be logged in to post comments.)

re(4): Wait a second...

| Comment 7 of 21 |

(In reply to re(3): Wait a second... by TomM)

OOPS-

the expression after the Sum/Sigma or the Product/Pi should be x(i), not i(n), but I'm sure you all realized that.

Sorry

Posted by TomM on 2002-10-09 18:24:26

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