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								id: 5900f4771000cf542c50ff8a
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								title: 'Problem 267: Billionaire'
							 
						 
					
						
							
								
									
										
										
										
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								challengeType: 5
							 
						 
					
						
							
								
									
										
										
										
											2019-08-05 09:17:33 -07:00 
										
									 
								 
							 
							
								
									
										 
								
							 
							
								 
							
							
								forumTopicId: 301916
							 
						 
					
						
							
								
									
										
										
										
											2021-01-13 03:31:00 +01:00 
										
									 
								 
							 
							
								
									
										 
								
							 
							
								 
							
							
								dashedName: problem-267-billionaire
							 
						 
					
						
							
								
									
										
										
										
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								---
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								
							 
						 
					
						
							
								
									
										
										
										
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								# --description--
  
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								
							 
						 
					
						
							
								
									
										
										
										
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								You are given a unique investment opportunity.
							 
						 
					
						
							
								
									
										
										
										
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								Starting with £1 of capital, you can choose a fixed proportion, $f$, of your capital to bet on a fair coin toss repeatedly for 1000 tosses.
							 
						 
					
						
							
								
									
										
										
										
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								Your return is double your bet for heads and you lose your bet for tails.
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								
							 
						 
					
						
							
								
									
										
										
										
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								For example, if $f = \frac{1}{4}$, for the first toss you bet £0.25, and if heads comes up you win £0.5 and so then have £1.5. You then bet £0.375 and if the second toss is tails, you have £1.125.
							 
						 
					
						
							
								
									
										
										
										
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								Choosing $f$ to maximize your chances of having at least £1,000,000,000 after 1,000 flips, what is the chance that you become a billionaire?
							 
						 
					
						
							
								
									
										
										
										
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								All computations are assumed to be exact (no rounding), but give your answer rounded to 12 digits behind the decimal point in the form 0.abcdefghijkl.
							 
						 
					
						
							
								
									
										
										
										
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								# --hints--
  
						 
					
						
							
								
									
										
										
										
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								`billionaire()`  should return `0.999992836187` . 
						 
					
						
							
								
									
										
										
										
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								```js
							 
						 
					
						
							
								
									
										
										
										
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								assert.strictEqual(billionaire(), 0.999992836187);
							 
						 
					
						
							
								
									
										
										
										
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								```
							 
						 
					
						
							
								
									
										
										
										
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								# --seed--
  
						 
					
						
							
								
									
										
										
										
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								## --seed-contents--
  
						 
					
						
							
								
									
										
										
										
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								```js
							 
						 
					
						
							
								
									
										
										
										
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								function billionaire() {
							 
						 
					
						
							
								
									
										
										
										
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								  return true;
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								}
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								
							 
						 
					
						
							
								
									
										
										
										
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								billionaire();
							 
						 
					
						
							
								
									
										
										
										
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								```
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								
							 
						 
					
						
							
								
									
										
										
										
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								# --solutions--
  
						 
					
						
							
								
									
										
										
										
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								```js
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								// solution required
							 
						 
					
						
							
								
							 
							
								
							 
							
								 
							
							
								```