What value of p makes the game fair

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Alice: Let's take turns flipping a coin. The first person who gets heads wins. I'll go first. Bob: But you might win on the very first throw. Let's compensate by giving me one extra throw on my first turn. Alice: Fine. Bob:

And let's use my coin, which comes up heads with probability π. Alice:

Well, then I better know π before I agree. What value of π makes the game fair to each player?

Reference no: EM131824504

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