*1. You are a student at the University of Arkansas and desperately want to attend the next...

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*1. You are a student at the University of Arkansas and desperately want to attend the next Razorbacks basketball game. The problem is that the admission ticket costs $10, and you have only $5. You can bet your $5 in a poker game, with a 50-50 chance of either doubling your money or losing all of it.

(a) Based on the real value of money, would you be tempted to participate in the poker game?

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