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Consider the following gambles where, for all, if you lose you get $0. A: You get $6000 with probability 0.45, B: You get $3000 with
Consider the following gambles where, for all, if you lose you get $0.
A: You get $6000 with probability 0.45,
B: You get $3000 with probability 0.90,
C: You get $6000 with probability 0.001,
D: You get $3000 with probability 0.002.
Show that, regardless of your utility for money, you should choose B over A if and only if you choose D over C.
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