St Petersburg Paradox 

Only an idiot would pay more than $20 to play this game. You'd have to get tails 5 in a row in order to not lose any money... chances of you losing money is 97%.

i dont get it so if you win with heads does that not mean you lose your money on tails requiring you to double down on the bet instead of it doubling the prize?

So you are basically explaining bitcoin characteristics 101

im so confused

So the St. Petersburg Paradox was a problem in Expected Value Theory, and Expected Utility Theory was developed as a response to solve this problem?

evry time you win a tales?

and then the other outcome is also wining?

how exactly does the amount of the winnings double when you ''win a tales"?

Thank you Ben! Keep up the great work!

magic?

sorry for the spam i am trying to figure out how to aply this to black or red roulete

Thanks this was great

Thanks a lot 🙏