3 You are at a casino and you find a table that is offering a certain game of chance that has two possible outcomes, henceforth denoted A and B. You remember and put to use your college probability class and you figure out that outcome A occurs with probability 1/4. For every dollar that you bet on A, the house will pay you $5 if you win the game's outcome is A) and will pay you So if the game's outcome is B. Of course, you have the option of not betting and keeping your money with you the risk-free instrument!) If your utility function is In I, what fraction of your money should you bet on A? 3 You are at a casino and you find a table that is offering a certain game of chance that has two possible outcomes, henceforth denoted A and B. You remember and put to use your college probability class and you figure out that outcome A occurs with probability 1/4. For every dollar that you bet on A, the house will pay you $5 if you win the game's outcome is A) and will pay you So if the game's outcome is B. Of course, you have the option of not betting and keeping your money with you the risk-free instrument!) If your utility function is In I, what fraction of your money should you bet on A