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Unfair Games

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Figuring It Out
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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?

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Correspondence to Nuno Crato .

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© 2010 Springer-Verlag Berlin Heidelberg

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Crato, N. (2010). Unfair Games. In: Figuring It Out. Copernicus, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04833-3_52

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