Lately, for good reason, there has been many advice columns telling people how to plan for personal financial goals. It always used to boggle my mind when I heard exhortations to save, where “save” is used in the sense of an action among which to choose, parallel to things like “invest” or “work”. Until I realized, some years back, that to save is a parallel action of choice to some.
(Read the article)
Here it is:
A has a fair coin and B has a fair coin. They flip coins together, but only keep track of their own sequences of heads and tails. A stops if the sequence “HHT” appears. B stops if the sequence “HTH” appears. Which player is more likely to stop first?
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