Whenever John is offered the opportunity to take either side of a bet in which the odds

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Whenever John is offered the opportunity to take either side of a bet in which the odds are even slightly unfair, he invariably does bet something. True or False: John is certainly not risk-averse.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:24 AM

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Whenever John is offered the opportunity to take either side of a bet in which the odds

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False A riskaverse person will always accept one side or the other of an unfair bet ...View the full answer

Price theory and applications

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