you are offered the following gamble based coin flips. if the first head occurs on the first flip, you get $2. if the first head occurs on the second flip you get $4, and so on, so that if the first head is on the Nth flip you get $2N. the game ends only when you flip of the coin results in heads. What is the expected value of this gamble? when offered, most people say they would only pay less than $10 to play this game. what are two reasons why people are willing to pay so much less than the expected value?