Which button would you choose at the chance of becoming a millionaire?

Apparently those are two slightly different things mathematically but I’m not able to get my head round what the difference is.

As best I can tell the expected value is essentially the average value if you project the expected value far enough. But if it’s only a short series, the expected value and the average might be different.

I’m sure one of our mathematicians will be happy to explain exactly why that is completely wrong… :slight_smile:

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