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9 One of your friends has preferences that do not respect the Indepen- dence Axiom. He prefers lottery L1 to lottery L2 (L1 L2). And

9 One of your friends has preferences that do not respect the Indepen- dence Axiom. He prefers lottery L1 to lottery L2 (L1 L2). And he prefers 12L2 12L to 21L1 21L (12L2 12L 12L1 12L). money pump to get all his money

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