SIG (Susquehanna)–styleTraderJunior TraderQuestion #114
Suppose we have a $10 bet. At any time, I can ask to double the bet. If you accept, we both put in another $10, so the winner gets $20. If you lose, you forfeit everything; if you reject the double, you lose the initial $10. What is the minimum probability of winning that would make you accept the double?
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