Why would you wait until t=1? It seems like at any time t the expected payoff will be (1−t2,0,…), which is strictly decreasing with t.
Oh you’re right, I was confused.
Why would you wait until t=1? It seems like at any time t the expected payoff will be (1−t2,0,…), which is strictly decreasing with t.
Oh you’re right, I was confused.