Consider the following gambling game. There are 5 stages to the game. In the first stage there is a fee to play of $1. If you pay this fee, a fair…
4. Consider the following gambling game. There are 5 stages to the game. In the first stage there is a fee to play of $1. If you pay this fee, a fair coin is flipped. If the flip yields a tails, the game stops with H =0 and you get 2H =20 =1. If it turns heads, H is incremented to H =1 and you […]