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As many of you know, Leslie is both fabulously wealthy and a bid fan of the world cup. Suppose he places a $100,000 even money

As many of you know, Leslie is both fabulously wealthy and a bid fan of the world cup. Suppose he places a $100,000 even money bet on Ghana to win the 2026 World Cup (this means if Ghana wins, he wins $100,000, if other team wins he loses $100,000). a) Based on this information, what do we know about Leslie's risk preferences? Briefly explain. b) Suppose Leslie's current wealth is $500,000 and he has a utility of wealth function given by U = ln W. Given that he placed this bet, what is the minimum probability Leslie expects Ghana to win the World Cup. show step by step detail calculation

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