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    Microeconomics Theory with Applications
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    Exam 17: Choice Making Under Uncertainty
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    A Slot Machine
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A Slot Machine

Question 50

Question 50

Multiple Choice

A slot machine:


A) is not an unfair bet.
B) is a proof that people are generally risk- loving.
C) is a proof that people are irrational.
D) gives a better average return than a state lottery.

Correct Answer:

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