Last post wins.

[Kamikaze28]

(07-04-2012 09:52 AM)Solan Wrote:  also to phrenikos... what would be the difference in how much i'd pay for the game? does the pot start at how much i pay or something? o jjust 1 dollar every challenge?

The game always starts with a pot of $1. The paradox is this: probability theory tells you that this game has an expected winning amount of ∞ (infinity), yet most people will only pay a small price to play it.
This is paradoxical because most of the time, the expected winnings is close to your gut feeling. For instance, say I roll 2 D6 (6 sided dice) and pay you the amount of dollars that the sum of both dies show (so between $2 and $12). The expected winnings are $7, and that'll be what most people will be willing to pay.
Here's the Wikipedia article for detailed information and most importantly all the nicely-formatted formulas to understand the paradox.