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I offer you one of the following two options: 1- I'll give you $100 2- I'll throw a coin. If it is heads, I'll give
I offer you one of the following two options:
1- I'll give you $100
2- I'll throw a coin. If it is heads, I'll give you $0, if it is tails I'll give you $200.
Which one of these two options will you accept? What does the choice say about your risk preference?
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