The waitress could receive a $20 tip or play a flip for a $200 one.
Daniel "Jungleman" Cates and Lynne Ji had lunch a few days ago. The two professional poker players tested the waitress to see if she made the right decision regarding the expected value of her tip.
Jungleman offered two options. The waitress could choose a $20 tip or take a gamble and flip for a $200 tip, meaning she had a 50% chance of winning $200, but there was also a 50% chance she would get nothing.
The waitress chose the second option, which represented the higher expected value. However, the waitress had to settle for a $100 EV tip as he lost the flip.
Nice tip, @junglemandan
What would YOU choose? pic.twitter.com/nxHCJUrqcm
— Lynne (@helloitslynne) January 11, 2023
