You spin a wheel and it randomly lands on $1, $2, or END. If you land on $1 or $2, you bank the money and spin the wheel again. You keep spinning until you land on END, at which point you cash out the money you banked. How much do you expect to win on average? What if the wheel has values $1, $2, ..., $N with the same rules? How much do you expect to win now? Blog post (text/image solution): http://wp.me/p6aMk-4oF Thanks to Patrons! Kyle Alberto Nishikawa Brian M. Mooney If you like my videos, you can support me at Patreon: http://www.patreon.com/mindyourdecisions Connect on social media. I update each site when I have a new video or blog post, so you can follow me on whichever method is most convenient for you. My Blog: http://mindyourdecisions.com/blog/ Twitter: http://twitter.com/preshtalwalkar Facebook: https://www.facebook.com/pages/Mind-Your-Decisions/168446714965 Google+: https://plus.google.com/108336608566588374147/posts Pinterest: https://www.pinterest.com/preshtalwalkar/ Tumblr: http://preshtalwalkar.tumblr.com/ Instagram: https://instagram.com/preshtalwalkar/ Patreon: http://www.patreon.com/mindyourdecisions Newsletter (sent about 2 times a year): http://eepurl.com/KvS0r My Books "The Joy of Game Theory" shows how you can use math to out-think your competition. (rated 4/5 stars on 23 reviews) https://www.amazon.com/gp/product/1500497444 "The Irrationality Illusion: How To Make Smart Decisions And Overcome Bias" is a handbook that explains the many ways we are biased about decision-making and offers techniques to make smart decisions. (rated 5/5 stars on 1 review) https://www.amazon.com/gp/product/1523231467/ "Math Puzzles Volume 1" features classic brain teasers and riddles with complete solutions for problems in counting, geometry, probability, and game theory. Volume 1 is rated 4.5/5 stars on 11 reviews. https://www.amazon.com/gp/product/1517421624/ "Math Puzzles Volume 2" is a sequel book with more great problems. https://www.amazon.com/gp/product/1517531624/ "Math Puzzles Volume 3" is the third in the series. https://www.amazon.com/gp/product/1517596351/ "40 Paradoxes in Logic, Probability, and Game Theory" contains thought-provoking and counter-intuitive results. (rated 4.9/5 stars on 7 reviews) https://www.amazon.com/gp/product/1517319307/ "The Best Mental Math Tricks" teaches how you can look like a math genius by solving problems in your head (rated 4.7/5 stars on 3 reviews) https://www.amazon.com/gp/product/150779651X/ "Multiply Numbers By Drawing Lines" This book is a reference guide for my video that has over 1 million views on a geometric method to multiply numbers. (rated 5/5 stars on 1 review) https://www.amazon.com/gp/product/1500866148/