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If price of failure on a coin toss is less than the value of success, then flipping the coins as rapidly as possible is a winning strategy. (I've worked on fai
by mike-the-mikado 3y ago
If price of failure on a coin toss is less than the value of success, then flipping the coins as rapidly as possible is a winning strategy. (I've worked on failure after failure, but the occasional success has more than compensated for these).
- johnchristopher 3y agoIt doesn't matter how fast you flip coins, in the end it'll be 50/50 anyway and you'd still get the same success (price of failure wouldn't matter, it'll always be the same value in the end).