Why do they want the chips? Are they very valuable

Yes, chips are exchanged for money(in gambling), in this context they just used it as an example?

at 0:54 why did heads show more than tails?

Because it was random, and it could have been more tails.

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Course: Math for fun and glory > Unit 5

Lesson 1: Expectation warmup

Problem of Points

Name: Problem of Points
Uploaded: 2014-03-06T22:48:47Z
Description: How should two people split the pot when they are interrupted midgame?

Google Classroom

How should two people split the pot when they are interrupted midgame? Created by Brit Cruise.

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Joshua Gao
Posted 7 years ago. Direct link to Joshua Gao's post “Why does the transcript s...”
Why does the transcript say the time is
99:59
:99?
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(6 votes)
Answer
Jotaro
Posted 5 years ago. Direct link to Jotaro's post “Why do they want the chip...”
Why do they want the chips? Are they very valuable
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(2 votes)
Answer
- Sohan
  Posted 5 years ago. Direct link to Sohan's post “Yes, chips are exchanged ...”
  Yes, chips are exchanged for money(in gambling), in this context they just used it as an example?
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  (3 votes)
Gavin Chen
Posted 6 years ago. Direct link to Gavin Chen's post “At 0:08, what is a fair c...”
At
0:08
, what is a fair coin?
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(1 vote)
Answer
- Spectra Phantom
  Posted 4 years ago. Direct link to Spectra Phantom's post “a coin that is not weight...”
  a coin that is not weighted or altered in any way so that there is an equal probability or heads and tails as the product
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  (1 vote)
Christopher Mai
Posted 5 years ago. Direct link to Christopher Mai's post “You cant know that you ar...”
You cant know that you are going to win when you flip a coin
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(2 votes)
Answer
Joshua S.
Posted 6 years ago. Direct link to Joshua S.'s post “Why didn't they just take...”
Why didn't they just take a break and come back to the game?
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(2 votes)
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Joshua S.
Posted 6 years ago. Direct link to Joshua S.'s post “Why don't they just finis...”
Why don't they just finish the game some other time?
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(2 votes)
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Josie Verive-Cain
Posted 9 years ago. Direct link to Josie Verive-Cain's post “at 0:54 why did heads sho...”
at
0:54
why did heads show more than tails?
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- zlsoan1
  Posted 8 years ago. Direct link to zlsoan1's post “Because it was random, an...”
  Because it was random, and it could have been more tails.
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  (6 votes)
Pyro
Posted 7 years ago. Direct link to Pyro's post “thats ... just call it ev...”
thats ... just call it even stop arguing
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(1 vote)
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T3beebs
Posted 8 years ago. Direct link to T3beebs's post “why can i not do math?/th...”
why can i not do math?/the dieing dog
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(1 vote)
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Ooden Thurber
Posted 7 years ago. Direct link to Ooden Thurber's post “Seriously, Who cares who ...”
Seriously, Who cares who wins, they're just pots
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(1 vote)
Answer

Video transcript

- Hey, Sal. - Hello, Brit. - I would like to propose a game to play. - (laughing) All right. - I have eight chips here. - All right, yeah, I see that. - And I have a fair coin, feel - Eight chips. - Go ahead and inspect it. - Fair coin. Seems very fair to me. - You need to pick if you want heads or tails. - I like heads. - K, heads. Okay, I like tails. - All right. - Here's the game, we're gonna flip the coin. The first one to win three games takes the whole pot. - The first one to get to three, so the first, if there's three heads, first, before we get to three tails, I get it all. Three tails before we get to three heads, you get it all. - Yeah, maybe we could even keep a tally as we play. - Okay, sounds, sounds good. - Heads, heads versus tails. Okay, let's play. - All right, let's do it. - We'll take turns flipping, because, you know, you never know. - Heads. - Heads. - I'll try to flip with style. - (both) Tails. - Dang. Heads. - Heads, I'm doin' good. (bell rings) - Oh, dinner bell. I gotta go. - No, hey, that, look, I'm, I'm about to win. - I had a good run at the beginning, you know, I usually, I, I start slow - At the beginning. - in games like this. I'm always strong finisher. - Yeah, but look, if the next flip is heads, I get it all. - Okay, how 'bout we split the pot, okay? Split the pot, you get a little bit, I get a little bit, we both go home happy. - I get a lot of bit. - Good idea. - A lot of bit. (laughs) How 'bout we just split the pot? - No, 'cause I have a higher chance of winning than you do. - How are we ever gonna figure that out exactly? Let's just split the pot and call it even. - Let's think about it this way.