For the gamble now under consideration: | |
Large loss amount: | $100 |
Small loss amount: | $0 |
Probability of large loss: | 90% |
What is the largest amount of money you would be willing to pay in order to avoid taking the risk? |
For the gamble now under consideration: | |
Large loss amount: | $100 |
Small loss amount: | $0 |
Probability of large loss: | 90% |
What is the largest amount of money you would be willing to pay in order to avoid taking the risk? |