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Dante has two possible routes to travel on a business trip. One is more direct but more exhausting, taking one day but with a probability
Dante has two possible routes to travel on a business trip. One is more direct but more exhausting, taking one day but with a probability of business success of 1/4. The second takes three days, but has a probability of success of 2/3. If the value of Dante's time is $1000/day, the value of the business success is $12,000, and Dante is risk neutral. Which rout should he take?
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