Each round played by a contestant is either a success with probability p or a failure with
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Each round played by a contestant is either a success with probability p or a failure with probability 1− p. If the round is a success, then a random amount of money having an exponential distribution with rate λ is won. If the round is a failure, then the contestant loses everything that had been accumulated up to that time and cannot play any additional rounds. After a successful round, the contestant can either elect to quit playing and keep whatever has already been won or can
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