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Suppose two people shared the costs and the benefits of the investment, each putting up $250 in return for an equal chance of $750 or
Suppose two people shared the costs and the benefits of the investment, each putting up $250 in return for an equal chance of $750 or $0 added to the $250 of income each would have net of the cost of making the investment. Would each want this? Would it raise or lower the certainty equivalent income of each; by how much?
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