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n this question, we will distinguish between the concepts of buying and selling gambles. If we sell a gamble, that implies we own it or
n this question, we will distinguish between the concepts of buying and selling gambles. If we sell a gamble, that implies we own it or have a right to it in the first place; imagine a situation where you've nad a stellar performance review at work, such that you've earned a bonus. However, your boss tells Jou the bonus is expressed as a gamble, where you have a probability p of being awarded a good bonus n the amount G and a probability 1p of being awarded a bad bonus in the amount B, where B
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