SIG (Susquehanna)TraderJunior TraderQuestion #115
Suppose you and I are playing a game and have bet $10, which will go to the winner. At some point, I offer to double the bet to $20. If you accept, the game continues with the new bet; if you refuse, you lose the game and forfeit the original $10. What is the minimum probability of winning that you would need to accept the increased bet?
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