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?

the solution neglects the money that the player has, which determines the value.
the issue of "convergence" is neglected..

was i making any sense in my previous posts?

Posted by Cheradenine on 2002-10-14 03:02:08