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Tabatha is offered the opportunity of buying different bracelets which may be made of Murano beads. Bracelet A is sold for 40 and would be
Tabatha is offered the opportunity of buying different bracelets which may be made of Murano beads. Bracelet A is sold for 40 and would be worth 70 if it is a Murano and 10 otherwise. Bracelet B is sold for 40 and would be worth 75 if it is a Murano and 5 otherwise. Bracelet C is sold for 70 and would be worth 100 if it is a Murano and 40 otherwise. For each bracelet, Tabatha's subjective probability that it is made with Murano beads is 50%. Rank the three bracelets in descending order of associated risk premium for Tabatha. Explain your ranking
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