On the first toss if the coin falls on heads shavit pays, Finance Basics

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On the first toss if the coin falls on heads shavit pays

Question: Maria and Shavit are tossing coins. Their game works as follows:

• On the first toss, if the coin falls on heads, Shavit pays Maria $1 (and vice versa).

• On each successive toss:

•If the coin falls on heads and Maria is ahead, Shavit pays her the square of her previous winnings.

• If the coin falls on heads and Shavit is ahead, this cancels all of Maria ' s debt to Shavit. Simulate Maria ' s winnings after 10 tosses.

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Finance Basics: On the first toss if the coin falls on heads shavit pays

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Finance Basics: On the first toss if the coin falls on heads shavit pays

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