Multiple Choice
Hillary and Bill are playing backgammon.Hillary offers to place a wager on the game's outcome at fair odds.Bill is risk-averse and believes that he has a 60% chance of winning the game.When will Bill accept the wager?
A) Always.
B) When the wager is sufficiently small.
C) When the wager is sufficiently large.
D) Never.
Correct Answer:
Verified
Correct Answer:
Verified
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