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Question: St. Petersburg Paradox. Consider the following game that you have been invited to play by an acquaintance who always pays his debts. Your acquaintance will flip a fair coin. If it comes up heads, you win $2. If it comes up tails, he flips the coin again. If heads occurs on the second toss, you win $4. If tails, he flips again. If heads occurs on the third toss, you win $8, and if tails, he flips again, and so on. Your payoff is an uncertain amount with the following probabilities:
This is a good game to play because you are bound to come out ahead. There is no possible outcome from which you can lose. How much would you pay to play this game? $10? $20? What is the expected value of the game? Would you be indifferent between playing the game and having the expected value for sure?
Dirichlet series
Every convergent sequence contains either an increasing, or a decreasing subsequence.
How many relations on A are both symmetric and antisymmetric?
Daily Airlines fies from Amsterdam to London every day. The price of a ticket for this extremely popular flight route is $75. The aircraft has a passenger capacity of 150.
How much money will Dave and Jane raise for charity
This question is asking you to compare the likelihood of your getting 4 or more subscribers in a sample of 50 when the probability of a subscription has risen from 0.02 to 0.06.] Talk about the comparison of probabilities in your explanation.
Skew-symmetric matrices
Describe the different type of taxes and their rates in Spokane WA.
Suppose that in the four player game, the person who rolls the smallest number pays $5.00 to the person who rolls the largest number. Calculate each player's expected gain after one round.
Find the probability density function.
Linear programming applied to Aggregate Production Planning of Flat Screen Monitor
Discrete-time model for an economy
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