Abstract
Imagine that we are in a casino that is promoting the following game: We put 100 dollars on the table, and win or lose by tossing a coin. If it is heads, we win 40 dollars, and if it is tails we lose 30 dollars. Should we join the game?
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2010 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
Crato, N. (2010). Unfair Games. In: Figuring It Out. Copernicus, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04833-3_52
Download citation
DOI: https://doi.org/10.1007/978-3-642-04833-3_52
Published:
Publisher Name: Copernicus, Berlin, Heidelberg
Print ISBN: 978-3-642-04832-6
Online ISBN: 978-3-642-04833-3
eBook Packages: Mathematics and StatisticsMathematics and Statistics (R0)