Question

What is the expected value to you of the following game : You and another person have 3 coins each. You both flip all of your coins and if your three coins show the same number of tails as the other person, you pay them $2, otherwise they pay you $1.

Answer 1

The expected value should be a 1/3 change because you have three coins each , then 1/6 altogether change or randomization the most realistic highest expected value is you paying them 2$