Are you claiming that this is mistaken, or rather that this is correct but it’s not a problem?
mistaken.
But if you like money, you’ll pay more for a contract on coin B.
this is an invalid step. it’s true in some cases but not others, depending on how the act of paying for a contract on coin B (with no additional knowledge of whether it’s double-headed) affects the chance that the market tosses coin B.
mistaken.
this is an invalid step. it’s true in some cases but not others, depending on how the act of paying for a contract on coin B (with no additional knowledge of whether it’s double-headed) affects the chance that the market tosses coin B.