Imagine I made you an offer: Flip the coin below 3 times…then
if you get 1 bear or more in the results I will double your money
if you get 2 bear or more in the results I will increase your money 10x
if you get exactly three bears (so 100% results is a bear) I will increase your money 100x
You can only choose one above, but you can bet any amount of money you want.
Which would you select and how much would you risk? Explain your answer