7.1 George is seen to place an even-money $100,000 bet on the Bulls to win the NBA...
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7.1 George is seen to place an even-money $100,000 bet on the Bulls to win the NBA Finals. If George has a logarithmic utility-of-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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Related Book For 
Microeconomic Theory Basic Principles And Extensions
ISBN: 9780324585377
10th Edition
Authors: Walter Nicholson, Christopher M. Snyder
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