SIPAIA6400_001 002_2025_3 Microeconomic Analysis for International and Public Affairs Problem Set 8, Individual Portion

Suppose the following three bets; Win $100 with probability 1/3 and lose $50 with prob. 2/3 Win $100 with probability 3/4 and lose $300 with prob. 1/4 Win $100 with probability 19/20 and lose $1900 w...