James believes that there are 70%, 25%, and 5% chances of Democratic, Republican, and third-party victories respectively. James values a dollar today the same way he will after the election, so the...

James believes that there are 70%, 25%, and 5% chances of Democratic, Republican, and third-party victories respectively. James values a dollar today the same way he will after the election, so the time value of money is not an issue. You don't know James's risk attitude or u-curve, however you do know that he follows the five Rules of Actional Thought and prefers more money to less.