37. Let X the outcome when a fair die is rolled once. If before the die...

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37. Let X  the outcome when a fair die is rolled once.

If before the die is rolled you are offered either

(1/3.5) dollars or h(X)  1/X dollars, would you accept the guaranteed amount or would you gamble?

[Note: It is not generally true that 1/E(X)  E(1/X).]

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