Suppose you are playing in a championship basketballgame. There are 4 seconds le

Question

Suppose you are playing in a championship basketballgame. There are 4 seconds left in the game and you are downby two. You have the ball and call a time out; you have twochoices: you could try for a 3-point play; the odds are .3 you could go for a 2-point play and go into overtime with theodds being .5; the odds of winning in overtime is also .5 Which option would you choose, why? Suppose you are playing in a championship basketballgame. There are 4 seconds left in the game and you are downby two. You have the ball and call a time out; you have twochoices: you could try for a 3-point play; the odds are .3 you could go for a 2-point play and go into overtime with theodds being .5; the odds of winning in overtime is also .5 Which option would you choose, why?

Explanation / Answer

Option 1: Odds .3 means that you have 30% chance to win Option 2 Odds 0.5 means that you have 50% to go to overtime and thechance is then again 50% to win in overtime. This means that thechance to win is 0.5*0.5 = 0.25 = 25% This means that the player should go for the 3-pointer

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