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Suppose you and I are playing a game, and it could be any game. We have bet 10 dollars which would go to the winner. At some point, I offer to double the bet to 20 dollars. If you accept, the game continues with the new bet. If you refuse. you lose the game, along with the original ten dollars. What is the minimum probability of winning the game that you would need to accept the increased bet?
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Junior Trader

Interviewed at Susquehanna International Group

3.8★
Sep 27, 2019

Suppose you and I are playing a game, and it could be any game. We have bet 10 dollars which would go to the winner. At some point, I offer to double the bet to 20 dollars. If you accept, the game continues with the new bet. If you refuse. you lose the game, along with the original ten dollars. What is the minimum probability of winning the game that you would need to accept the increased bet?

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