Very nicely written-Thanks!
I have a technical question, why is the reward a*(1-p)^{n-1} and not a*p*(1-p)^{n-1}? This strongly affects the results is p is small.
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Math question
Very nicely written-Thanks!
I have a technical question, why is the reward a*(1-p)^{n-1} and not a*p*(1-p)^{n-1}?
This strongly affects the results is p is small.