Consider the 21 card problem of Lab 2, but suppose that all cards have face value 1

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Consider the 21 card problem of Lab 2, but suppose that all cards have face value 1 except for the card that has face value 0. Otherwise the rules are the same. Suppose that you adopt a threshold policy: Continue playing until the amount you have won reaches some value T. What value of T maximizes the expected amount you win

Posted Date: May 17, 2024 10:09 PM

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Consider the 21 card problem of Lab 2, but suppose that all cards have face value 1

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