What should you be willing to pay to play a game in which the payoff is calculated as follows: a coin is flipped until it comes up heads on the nth toss and the payoff is set at 2^n dollars?
What should you be willing to pay to play a game in which the payoff is calculated as follows: a coin is flipped until it comes up heads on the nth toss and the payoff is set at 2^n dollars?
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