No, only if the utility of avoiding risk is worth less than the money at risk. Duh.
Someone did not read the OP carefully enough.
Hint: re-read the definition of the Axiom of Independence.
No, only if the utility of avoiding risk is worth less than the money at risk. Duh.
Someone did not read the OP carefully enough.
Hint: re-read the definition of the Axiom of Independence.