=+g. * You do not know about the unfair coin, but you are delighted to hear that
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=+g. * You do not know about the unfair coin, but you are delighted to hear that I have just sweetened the gamble for you: If the coin comes up heads, I agree to give you a fraction k of my winnings. Draw a new Edgeworth Box with the endowment bundle E and the outcome bundle B implied by the change I have made to the gamble.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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