Okay, but then what would you actually do? Would you leave before the 10 minutes is up?
I will toss a coin to decode should I go or stay
I guess if you ran this experiment for real, any answer along the lines of “I don’t know whether I’ll stay” would have to result in getting $10.
Yeah, which I interpret to mean you’d “lose” (where getting $10 is losing and getting $200 is winning). Hence this is not a good strategy to adopt.
Okay, but then what would you actually do? Would you leave before the 10 minutes is up?
I will toss a coin to decode should I go or stay
I guess if you ran this experiment for real, any answer along the lines of “I don’t know whether I’ll stay” would have to result in getting $10.
Yeah, which I interpret to mean you’d “lose” (where getting $10 is losing and getting $200 is winning). Hence this is not a good strategy to adopt.