Business, 17.03.2020 05:05, impura12713
You have won a game and can now choose between two options: option A: a gift of $10, guaranteed option B: a chance to keep playing to win $8000 with a probability of 0.001, otherwise winning only $2 (a consolation prize for having passed up the $10). Choosing option A has an expectation of $10. What is the expectation of option B
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