This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a person willingly plays an unfair game that is not in his favor, he is risk loving. Indicate ... (Read 108 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
on: Jul 1, 2018
If a person willingly plays an unfair game that is not in his favor, he is risk loving.
 
  Indicate whether the statement is true or false

Question 2

A fair game is a game in which the chances are 50-50 that you win or lose.
 
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jul 1, 2018
Answer to Question 1

False. While that could be the reason, there are others. Either the person likes gambling for entertainment reasons, or the person does not understand the probabilities associated with each payout.

Answer to Question 2

False. A fair game is one in which the expected value of the payoff to the player is equal to the cost of playing.


Charlie

  • Hero Member
  • *****
  • Posts: 640
Reply #2 on: Jul 1, 2018
Thank you


otokexnaru

  • Sr. Member
  • ****
  • Posts: 314
Reply #3 on: Jul 1, 2018
No problemo


« previous next »
 

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

A1C Levels Predict Risk of Complications A1C Levels Predict Risk of Complications
A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there A mound of buffalo skulls. In 1870 an estimated 30 million buffalo roamed the plains; by 1900 there
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated
Age is the leading risk factor for cancer Age is the leading risk factor for cancer
Cumulative risk framework Cumulative risk framework
Video: Types of antimicrobial substances (interferons & complement protein)

For a complete list of videos, visit our video library