He did take B1, and won it. He has 27 clips. If he doesn’t take B2, he’ll stay with 27 clips, and u=4.10.
This is wrong, since sqrt(27) = 5.20, not 4.10. The latter is the expected utility before winning B1. This doesn’t seem to affect the rest of the article, though.
This is wrong, since sqrt(27) = 5.20, not 4.10. The latter is the expected utility before winning B1. This doesn’t seem to affect the rest of the article, though.
You’re right, fixed.