Math reveals the one game of chance you should always accept
A coin flip that could theoretically make you a billionaire sounds irresistible. But should you play? The Saint Petersburg Paradox, dreamed up by mathematicians in 1713, describes a coin toss game where winnings double with every flip. The math suggests the expected value is infinite, meaning no stake is too high. You should always play. Except, of course, that's absurd. The catch is that the game only...