View Single Post
Old 10-25-2006, 01:12 PM   #1
Riggo44
The Starter
 
Riggo44's Avatar
 
Join Date: Feb 2004
Location: San Clemente CA
Age: 52
Posts: 2,390
Re: TheMalcolmConnection Chat: 10/23/2006

OK TAFKAS try this one.

You dare not offend nor disappoint Great Uncle Willy lest he disown you. He has placed $2000 in your hands to bet on the outcome of the world series, which is a baseball contest won by whichever of two teams first wins 4 games. Willy’s $2000 was given to you in advance of the series. At the end of the series he expects you to return to him either $4000 if the team he chose wins, or nothing if it loses.

But you can find nobody who will accept bets on the entire world series. However, there are wagerers who will take on even-odds bets, in any amount(s), on each game individually. What strategy for placing bets on individual games will achieve the cumulative result Willy expects?


Note: This task was reputedly set before job-seekers at a Wall Street brokerage.
__________________
Beer is proof that God loves us and wants us to be happy.
Benjamin Franklin
Riggo44 is offline   Reply With Quote

Advertisements
 
Page generated in 0.42503 seconds with 10 queries