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If you had a ticket to a chance drawing with a 50 chance of


If you had a ticket to a chance drawing, with a 50% chance of receiving nothing and a 50% chance of receiving $5 million, and you were offered $2 million (assumed to be guaranteed) to surrender the ticket, would you agree to surrender the ticket? Why?

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Business Management: If you had a ticket to a chance drawing with a 50 chance of
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