1. Nov 11, 2013

### Pds3.14

Suppose that you given a $1 and flip a coin, if heads, you double it and flip again, if tails, you keep it and nothing else happens. How much, on average, would this opportunity be worth? In other words, how much, on average, would you make. Hint: the answer is most-certainly not$2.

2. Nov 11, 2013

### crunchynet

Very interesting question. I would probably approach it from this end:

1) Figure out how many individual people (each with a single coin) it would take to have them all flip their coin at the same time and count the results, such that each time they do this the result is very nearly 50/50 tails and heads respectively. Let's call this number P.