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Computers and Technology, 25.12.2019 01:31 clairajogriggsk
In 1713, nicolas bernoulli stated a puzzle, now called the st. petersburg paradox, which works as follows: you have the opportunity to play a game in which a fair coin is tossed repeatedly until it comes up heads. if the first heads appears on the n-th toss, you win 2n dollars. show that the expected monetary value of this game is infinite how much would you personally pay to play the game? explain why
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In 1713, nicolas bernoulli stated a puzzle, now called the st. petersburg paradox, which works as fo...
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