Re: My take on OP\'s analysis....
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While everyone's 11-10 coin-toss wager amount might differ, and ultimately be a function of each's personal risk aversion factor -- doubtless the wager is something most would take, in some amount or another.
This is why OP can say with certainty that to hedge the whole amount is almost wrong (although not knowing what amount would make it right).
Or do I have it all wrong, OP?
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We agree.
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