4. A rival investor, Mr. Bean, happens by and, upon hearing the professor's proposal, also chooses...

 

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4. A rival investor, Mr. Bean, happens by and, upon hearing the professor's proposal, also chooses to pose with him. Bean, however, is a suspicious sort, having been trained as an economist, and is concerned the professor is using a weighted coin, which places different probabilities on heads versus tails. In fact, Bean informs Abbott and Costello that, if the professor is actually making profit and Bean off of his sidewalk entertainment, he can tell them for a small gratuity, of course (after all, he is an economist) - the minimum probability of tails that the professor has engineered through precise weighting. Both men jointly pay Bean's fee, knowing that Bean's reputation for honesty is well-founded. What does Bean tell them? 4. A rival investor, Mr. Bean, happens by and, upon hearing the professor's proposal, also chooses to pose with him. Bean, however, is a suspicious sort, having been trained as an economist, and is concerned the professor is using a weighted coin, which places different probabilities on heads versus tails. In fact, Bean informs Abbott and Costello that, if the professor is actually making profit and Bean off of his sidewalk entertainment, he can tell them for a small gratuity, of course (after all, he is an economist) - the minimum probability of tails that the professor has engineered through precise weighting. Both men jointly pay Bean's fee, knowing that Bean's reputation for honesty is well-founded. What does Bean tell them?

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