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7) Alan offers a bet of basketball game to you as following: You win $150 if Celtics win You lost $250 if Celtics lose Assuming

7) Alan offers a bet of basketball game to you as following: You win $150 if Celtics win You lost $250 if Celtics lose Assuming that there's no draw game, what is Alan's subjective probability?

If you believe that over 70% chance that Celtics will lose, and you're a Risk-Neutral person, would you take the bet? Why?

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