Somebody replied with an explanation of how I was basically omitting the relativization of ‘you’ when considering what values to use.
That is, B should bet according to his confidence that he is correct, which in my case would be 70%..
B bets (.49 - .16) * 25 == $8.25
A bets (.36 - .09) * 25 == $6.75
Somebody replied with an explanation of how I was basically omitting the relativization of ‘you’ when considering what values to use.
That is, B should bet according to his confidence that he is correct, which in my case would be 70%..
B bets (.49 - .16) * 25 == $8.25
A bets (.36 - .09) * 25 == $6.75