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  #11  
Old 02-13-2007, 06:21 PM
barryc83 barryc83 is offline
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Default Re: Economics Problem dealing with Probability

Dude I seriously hope you dont play poker.
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  #12  
Old 02-14-2007, 02:05 PM
Thremp Thremp is offline
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Default Re: Economics Problem dealing with Probability

Haha.

This is retarded. A would likely be no. Since more than 50% of the time he loses money. There's probably a retarded axiom you're suppose to base this one.
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  #13  
Old 02-16-2007, 03:03 AM
Anheg Anheg is offline
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Default Re: Economics Problem dealing with Probability

Edit: Just saw that this wasn't even the right problem, never mind.

I believe, if I remember risk management correctly, a risk averse person probably would not accept that, depending on how risk averse they were. A risk neutral person is someone who accepts positive expectaction no matter what and would accept it.
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