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Ryan does not follow the delta-property. He has just paid $150 for a certificate that allows him to flip a fair ({H|&} = 0.5) coin.
Ryan does not follow the delta-property. He has just paid $150 for a certificate that allows him to flip a "fair" ({H|&} = 0.5) coin. ?If the coin lands heads he will win $500. If it lands tails he will win $100. His PISP for the certificate is $225.
The clairvoyant offers to tell him the outcome of the impending coin toss. What is Ryan's PIBP for the clairvoyant's information?
a. $150 | |
b. $0 | |
c. $75 | |
d. Need Ryan's u-curve to determine his PIBP for the information. |
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