Suppose you are offered to play a game where you flip a fair coin until you obtain a heads for the first time. If the first heads occurs on the th flip, you are paid out . What is the fair value of this game? If your answer is infinite, enter .
Suppose you are offered to play a game where you flip a fair coin until you obtain a heads for the first time. If the first heads occurs on the th flip, you are paid out . What is the fair value of this game? If your answer is infinite, enter .
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