Jane StreetTraderAssistant TraderQuestion #175
If you toss 4 coins and receive $1 for 1 head, $2 for 2 heads, $3 for 3 heads, and $4 for 4 heads, how much should you be willing to pay to play this game? If you have the option to re-toss all 4 coins after the first toss (keeping the best outcome), how much should you pay now?
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