Puzzle: optimal guessing in a card game
You and a friend play a guessing game with cards.
The deck consists of four black cards and four red cards. The game is played as followed.
You announce a guess of a card, and then your friend flips over the card on the table to see if you are correct. The game continues card by card until the deck is finished.
You get $1 for each card that you guess correctly.
Questions:
1. Imagine you use a coin flip to determine your guesses (if heads you guess black, if tails you guess red). How much money do you expect to win?
2. Can you figure out a better guessing strategy?
3. How much money do you expect to win with an optimal guessing strategy?
Feel free to leave a comment with how long you took or the method you used to solve the puzzle.
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