Business, 12.03.2020 02:26 rafa3997

Suppose interest of 5% for two years can be earned on $1,000 saved today with no risk. What is the least amount a person would need to have a 50% chance of winning to be willing to face a 50% chance of losing $1,000 today and be considered risk averse?

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Suppose interest of 5% for two years can be earned on $1,000 saved today with no risk. What is the l...