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You are seeking medical advice for an experimental treatment that may improve your life expectancy. The doctor informs you the probability of success after the
You are seeking medical advice for an experimental treatment that may improve your life expectancy. The doctor informs you the probability of success after the treatment is 40% to live 20 more years and the probability of failure is 60%. If it fails, you will die and if you do nothing you will live less than the 5 years. Based on the expected value of this situation, what would you decide? Do you agree with this decision or not? Why
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