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An experiment can result in any of the outcomes 1,2, or 3. (a) If there are two different wagers, with r1(1) =4, r1(2) =8, r1(3)
An experiment can result in any of the outcomes 1,2, or 3.
(a) If there are two different wagers, with
r1(1) =4, r1(2) =8, r1(3) =10
r2(1) =6, r2(2) =12, r2(3) =16
is an arbitrage possible?
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