⚡ Build the skills to land top-paying quant jobs. Offer ends in --d --h --m --s-- days -- hours -- minutes -- seconds.
⚡ Build the skills to land top-paying quant jobs. Offer ends in 19d 08h 36m 02s19 days 8 hours 36 minutes 2 seconds.
You have an opportunity to make one bid on a widget, whose value to its owner is, as far as you know, a uniformly random integer between and inclusive. What you do know is that you are so much better at operating the widget than he is, that its value to you is greater than its value to him. If you offer strictly more than the widget is worth to the owner, he will sell it to you for your bid; otherwise there is no sale. You get only one shot. How much should you bid to maximise your expected profit (the widget's value to you minus what you pay)?