Risk odds: Wendy adheres to the delta property and has risk odds of 2:1 for a deal where she could win or lose $100. a. What are her risk odds for a deal where she could win or lose $50? b. What is...

Risk odds: Wendy adheres to the delta property and has risk odds of 2:1 for a deal where she could win or lose $100.

a. What are her risk odds for a deal where she could win or lose $50?

b. What is her preference probability for 0 when the best and worst prospects are winning and losing $1000?

Joe follows the Rules of Actional Thought, the delta property, and has 3:1 risk odds for ± $1000. Create an equation that could describe Joe's w-curve.