- You have X dollars in the bank and it's your turn to spin the wheel
- You spin the wheel and land on the $10,000 Mystery Wedge, make a correct guess to win Y dollars, and Pat Sajak, the host, then offers you two options:
- The first option is to do nothing. It is still your turn and you will end up with X + Y dollars in the bank.
- The second option is to flip over the Mystery Wedge for a 50/50 shot at winning $10,000. If you lose, you lose all your money plus your turn.
Should you flip over the Mystery Wedge or not? At what values of X and Y should you flip the wedge and take the risk?