Suppose you had a ticket for a drawing.
- If your ticket is selected you win $1,000.
- If you ticket is not selected you win $0.
- Assume a 50/50 chance of winning. (coin-flip type scenario)
What is the least amount of money you would would accept to sell the ticket to someone else before the drawing is held?
The post Suppose you had a ticket for a drawing appeared first on PapersSpot.
