True/False
Wilma is not risk averse.She is offered a chance to pay $10 for a lottery ticket that will give her a prize of $100 with probability .06, a prize of $50 with probability .1, and no prize with probability .85.If she understands the odds and makes no mistakes in calculation, she will buy the lottery ticket.
Correct Answer:
Verified
Correct Answer:
Verified
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