Calling a Coin You've Never Seen
A casino hands you a coin whose probability of landing heads is some fixed , which nobody tells you. The coin will be tossed times; before each toss you must call a side, collecting whenever your call matches the outcome and nothing otherwise. You are free to adapt your calls based on everything you've observed so far. Playing as well as possible, what is your expected total winnings, expressed in terms of ?
Answer
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