Multiple Choice
Imagine the existence of prediction markets for grades in Ray's economics class. The weekend before a test, Ray observes a classmate at a party who has had too much to drink. He does not think that she will recover enough to study for the test on Monday. None of Ray's other classmates observes this. How could Ray profit from this information?
A) bet on himself to do well on the exam
B) bet on himself to do poorly on the exam
C) bet on his classmate to do well on the exam
D) bet on his classmate to do poorly on the exam
Correct Answer:
Verified
Correct Answer:
Verified
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