My friend said he would pay me $25 for running a sub 1:10 through the half this weekend and my entire trip if I qualify. Something tells me that $25 may not be enough to risk a complete blow up and/or hospitalization. Expected payoff if I dare to run a sub 1:10 is $52.50.
Distance |
Time |
Probability |
Payoff |
Expected Payoff |
Half |
sub 1:10 |
90% |
$25 |
$22.50 |
Full |
sub 2:19 |
3% |
$1,000 |
$30.00 |
|
|
|
|
$52.50 |
|