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1. (Decision-making under uncertainty) Suppose that there are two states of nature that can occur at date 1. In state 1 the All Blacks win

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1. (Decision-making under uncertainty) Suppose that there are two states of nature that can occur at date 1. In state 1 the All Blacks win the Rugby World Cup in 2019, in state 2 they do not win the Rugby World Cup. Suppose probability p satisfying 0

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