Two people want to flip a coin to decide something, but they know the coin is "biased" – the probability of getting heads and tails is different. The question is: how can they flip a coin fairly? Assume the players don't know the exact probabilities, and it would be time-consuming and difficult to determine them.
Added 2 minutes later
Another option is for both to keep flipping until they get different results. This will determine who wins.