Now suppose that you are a deltaperson with risk odds of 3 on a deal where you can win or lose $10. The company offers the use of their computer to you for $5 per bet. What should you say to the...


Now suppose that you are a deltaperson with risk odds of 3 on a deal where you can win or lose $10. The company offers the use of their computer to you for $5 per bet. What should you say to the company?


a. "Thanks, I'll accept your offer, and place a bet."


b. "No thanks, your offer is too expensive; I'll go ahead and bet without using your computer."


c. "No thanks; although using your computer at the price you quote would be to my advantage if I were to place a bet, I'm still better off not betting at all."


d. "No thanks; using your computer at the price you quote would not be to my advantage if I were to place a bet. I choose not to bet at all."



May 04, 2022
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