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Business, 16.03.2020 23:49 bellsimps7179
George is seen to place an even-money $100,000 bet on the Bulls to win the NBA Finals. If George has a logarithmic utilityof- wealth function and if his current wealth is $1,000,000, what must he believe is the minimum probability that the Bulls will win?
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George is seen to place an even-money $100,000 bet on the Bulls to win the NBA Finals. If George has...
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