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Mike has diminishing marginal utility of income.We know that Mike's income is more than $10, but we don't know his exact income. Adam offers Mike

Mike has diminishing marginal utility of income. We know that Mike's income is more than $10, but we don't know his exact income.

Adam offers Mike the following bet: Adam will flip a fair coin (i.e., heads and tails have equal probability). If heads, Mike pays Adam $10. If tails, Adam pays Mike $10.

What can we conclude from this information?

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