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You have a chance to play a coin flip game where if the coin comes up heads you get $5,000; but lose $1,000 if it

  1. You have a chance to play a coin flip game where if the coin comes up heads you get $5,000; but lose $1,000 if it comes up tails. If you are risk averse (A.>0), how much would you need to be paid to walk away and not play the game? Explain.

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