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by snapshooter
March 1st, 2009, 11:02 pm
Forum: Brainteaser Forum
Topic: What is the optimal strategy for this $ game?
Replies: 12
Views: 46091

What is the optimal strategy for this $ game?

<t>QuoteOriginally posted by: cm27874The expected value of the maximum of n iid uniform random variables on [0,100] should be 100 * n / ( n+1). Hence you should choose n such thatn * ( 100 / (n+1) - x )becomes maximal.I am just a beginner in probability but I have a concern about this solution. The ...