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Author Question: Consider the following game. You roll a six-sided die and each time you roll a 1, you get $50. For ... (Read 31 times)

Zoey63294

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on: Apr 19, 2019

Question 1

Consider the following game. You roll a 6-sided die and each time you roll a 1, you get $50. For all other outcomes you pay $10. The $50 when you "win" and the -$10 when you "lose" are known as


◦ payoffs.
◦ winnings and losings, respectively.
◦ incentives.
◦ expected values.

Question 2

Consider the following game. You roll a six-sided die and each time you roll a 1, you get $50. For all other outcomes you pay $10. The expected value of the game is


◦ -$10.
◦ $0.
◦ $10.
◦ $50.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Zoey63294 on Apr 19, 2019

Jmfn03

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Zoey63294

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Reply 2 on: Apr 19, 2019
Wow, this really help

elyse44

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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