17-4 Hot Dog Uncertainty
You want to invest in a hot dog stand near the ballpark. You have a 0.35 probability that you can
turn your current $15,000 into $50,000 and a 0.65 probability that fierce competition will drive
you to ruin, losing all your money. If you decide not to enter, you keep your $15,000.Would you
enter the market?
This question was answered on: May 23, 2022
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