Stacey and betsy are contestants on a game show they each


Stacey and Betsy are contestants on a game show. They each select a wrapped box from four choices. They know that one box contains $100 and the other three boxes contain $1000, $10000, $100000. They each unwrap their box and look inside. They then have a choice of whether or nor to trade with one another, Stacey uses all the information in the game correctly. Betsy’s husband has advised her to trade if her box has less than $100000 inside. Betsy’s box has $1000 inside. She offers to trade with Stacey. Stacey agrees to trade. Did Betsy’s husband give her good advice? Explain.

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Business Economics: Stacey and betsy are contestants on a game show they each
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