I have a puzzle which asks the following question:
You have the choice to pick between two games. Assume the coins are fair.
Game 1: You toss a coin once. Heads you win \$10 and tails you lose \$10.
Game 2: You toss a coin 10 times. Heads you win \$1 and tails you lose \$1.
Which game do you prefer?
My initial thoughts were that I would prefer the second game, as I would be wiped out a lot slower.
How would you approach this question?