=+Illustrate that if tastes are as described in panel (c), my wife prefers the risky gamble (of

Question:

=+Illustrate that if tastes are as described in panel (c), my wife prefers the “risky gamble” (of getting $250,000 with probability 0.75 and $10,000 with probability 0.25) over the “sure thing” ($190,000 with certainty) that has the same expected value

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