- #1
wofsy
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Here is a famous problem for you to enjoy.
You are betting on the World Series and want to make bets in such a way that if the Yankees win the series you win exactly a dollar and if the Red Sox win the series you lose exactly a dollar.
You can bet what ever you want on each game. If the Yankees win that game you win the amount that you bet. If the Red Sox win you lose the amount of your bet. So for instance if on game three you bet ten dollars and the Yankees win, you win ten dollars.
Problem: How much should you bet on the first game?
(The series ends ,of course, as soon as one team has won 4 games.)
You are betting on the World Series and want to make bets in such a way that if the Yankees win the series you win exactly a dollar and if the Red Sox win the series you lose exactly a dollar.
You can bet what ever you want on each game. If the Yankees win that game you win the amount that you bet. If the Red Sox win you lose the amount of your bet. So for instance if on game three you bet ten dollars and the Yankees win, you win ten dollars.
Problem: How much should you bet on the first game?
(The series ends ,of course, as soon as one team has won 4 games.)
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