Question: 11. Suppose that you are offered a choice between Bets A and B: Bet A: You win $1,000,000 with certainty (that is, with probability 1).

11. Suppose that you are offered a choice between Bets A and B:

Bet A: You win $1,000,000 with certainty (that is, with probability 1).

Bet B: You win $5,000,000 with probability .1 You win $1,000,000 with probability .89 You win $0 with probability .01.

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