"and so on" leads me to believe that this is an infinite geometric sequence which will always have a sum (if r^2<1) of:
s=a/(1-r) where s=sum, a=initial term, and r is the common ratio...
If we designate east as positive and west as negative the sequence is:
1,-1/2,1/4,-1/8 so the common ratio is -1/2 and a=1 thus:
s=1/(1--1/2)
s=1/(3/2)
s=1(2/3)
s=2/3 of a mile east of his home.