i dont get it so if you win with heads does that not mean you lose your money on tails requiring you to double down on the bet instead of it doubling the prize?
Only an idiot would pay more than $20 to play this game. You'd have to get tails 5 in a row in order to not lose any money... chances of you losing money is 97%.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Thank you Ben! Keep up the great work!
So the St. Petersburg Paradox was a problem in Expected Value Theory, and Expected Utility Theory was developed as a response to solve this problem?
Lmao!
yes that's the idea proposed by Bernoulli
i dont get it so if you win with heads does that not mean you lose your money on tails requiring you to double down on the bet instead of it doubling the prize?
evry time you win a tales?
and then the other outcome is also wining?
how exactly does the amount of the winnings double when you ''win a tales"?
he meant that your bet doubles when tales wins
Thanks this was great
Thanks a lot 🙏
im so confused
sorry for the spam i am trying to figure out how to aply this to black or red roulete
In roulette the relevant concept is martingale betting, double or nothing after every loss
@@jsun1993 thx
So you are basically explaining bitcoin characteristics 101
magic?
Only an idiot would pay more than $20 to play this game. You'd have to get tails 5 in a row in order to not lose any money... chances of you losing money is 97%.
@@Waheezy420 yeah, so this is a good critique of making decisions according to expected utility 👍🏻