Mathematics, 09.03.2020 17:17 brenda2512

You have SB in your bank account. You are asked if you would like to participate in a bet in which, if you win, your bank account will become SW. However, if you lose your bank account will contain only SL. You win the bet with probability pe. How large should be to accept the bet? (I assume that you would rather have a higher expected value of the amount of money in your account.)

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