I seem to have a lot of opinions about this that I never realised.  Maybe
one of you would like to explain my opinions to me.  The problem (which is
famous and not mine) is just a illustrative example, is deliberately flawed
and has a simple explanation & and reconciliation.  The interesting part of
the discussion is Stefan's equally simple strategy that achieves a better
than 1.5x expected return.

Cheers

Pete

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