How much will you pay for a coin toss?
A study & exploration on risk, growth and our willingness to pay for it
Here’s a deal - I have a fair unbiased coin (equally likely to get heads or tails when tossed). If you call heads on toss and get it right, I give you $1. If you get it wrong, you get nothing. And assume you get to play this 1000 times. Theoretically, you could even earn $1000. Question is - how much would you pay to play this game?
Right off the bat, y…
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