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{a} [10 marks] Assume that Bob keeps his job with probability 80%. Which of the five options is best for Bob? (b) [10I marks] For

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{a} [10 marks] Assume that Bob keeps his job with probability 80%. Which of the five options is best for Bob? (b) [10I marks] For some reason, Bob becomes pessimistic about the future and expects to keep his job with probability only 60%. Which of the five options is best for Bob

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