Microeconomic MCQ 1: 16. A 65% chance of winning $10 and a 35% chance of losing $5 would be classified as a(n)
A) better than fair gamble. D) fair gamble.
B) worse than fair gamble. E) expected value.
C) trivial gamble.

Question

16. A 65% chance of winning $10 and a 35% chance of losing $5 would be classified as a(n)
A) better than fair gamble. D) fair gamble.
B) worse than fair gamble. E) expected value.
C) trivial gamble.

Gonza R · Accepted Answer

A) better than fair gamble

Microeconomic MCQ 1

16. A 65% chance of winning $10 and a 35% chance of losing $5 would be classified as a(n) A) better than fair gamble. D) fair gamble. B) worse than fair gamble. E) expected value. C) trivial gamble.

A) better than fair gamble

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