Thursday, April 8, 2010

Probability: Interesting Puzzle

A gambler bets half the money in his pocket on the toss of a coin, winning an equal amount for a head and losing his money if the result is a tail. He repeats this many times, each time betting half the total money he has. After 2n plays he has won exactly n times. Has he more money, the same amount or less money than he started with?

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