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Mathematics, 18.12.2019 03:31 Katyazamo

Aperson tosses a fair coin until a tail appears for the first time. if the tail appears on the n th flip, the person wins 2 n dollars. let x denote the player’s winnings. show that e [ x ] = + [infinity] . this problem is known as the st. petersburg paradox. would you be willing to pay $1 million to play this game once? would you be willing to pay $1 million for each game if you could play for as long as you liked and only had to settle up when you stopped playing?

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Aperson tosses a fair coin until a tail appears for the first time. if the tail appears on the n th...
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