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Under what circumstances would you play this game

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Suppose you have been presented with an opportunity to play a coin flipping game with the following payoffs: heads, you get $10, but tails, you pay $5. Would you play? After you've decided, suppose we change the amounts to $1000 for heads, but now you have to pay $500 for tails. Any takers? One last game, heads for $100,000, but if the coin lands on tails, you must pay $50,000.

Would you play this game.

Under what circumstances would you play this game.

Reference no: EM132345755

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