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Chako Chako
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Posts: 2948
8 years ago
Suppose you are offered a gamble in which you win $1,000 1/3 half the time but lose $800 2/3 half the time. If you are risk lover will you take the gamble? What will your expected payoff be?
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 114 times
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machukianmachukian
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8 years ago
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Chako Author
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8 years ago
Correct!
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7 years ago
Don't forget to vote my answer as best Nerd Face
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