Question: John was offered $10 for sure or a gamble with a 10% chance of winning $100 an 90% chance of getting $0. He chose the
John was offered $10 for sure or a gamble with a 10% chance of winning $100 an 90% chance of getting $0. He chose the sure $10. This is consistent with
risk loving
risk aversion
risk neutral
maximizing expected value
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