You toss independently a fair coin and you count the number, Econometrics

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You toss independently a fair coin and you count the number

You toss independently a fair coin and you count the number of tosses until the first tail appears. If this number is n, you receive 2n dollars. What is the expected amount that you will receive? How much would you be willing to pay to play this game?

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Econometrics: You toss independently a fair coin and you count the number

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Econometrics: You toss independently a fair coin and you count the number

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