Gambler 1 Has Won $100 and Gambler 2 Has Lost

Gambler 1 has won $100 and Gambler 2 has lost $100. They are both offered a double-or-nothing coin flip. In other words, rather than winning $100, Gambler 1 will end up winning either $200 or $0, and rather than losing $100, Gambler 2 will end up losing either $200 or $0. Research suggests that which of the following outcomes is most likely?

A) Both will take the bet.
B) Neither will take the bet.
C) Gambler 1 will not take the bet and Gambler 2 will.
D) Gambler 1 will take the bet and Gambler 2 will not.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free