Jane StreetInternInternshipQuestion #587
You have 100 white balls and your opponent has 100 black balls. Each of you may put any number of your balls into a common pot. A third party randomly draws one ball from the pot. Whoever's ball is drawn wins an amount of money equal to the number of balls they have left over. If you know your opponent will put in 99 balls, how many balls should you put in to maximize your expected winnings?
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