A person at a horse racetrack who bets all of his or her money on the odds-based long shot to "win" (rather than "place" or "show")is making what kind of choice?

Name: A person at a horse racetrack who bets all of his or her money on the odds-based long shot to "win" (rather than "place" or "show")is making what kind of choice?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The maximax choice involves selecting the option with the maximum possible payoff, which aligns with betting on a long shot to win, hoping for the highest return.

A Person at a Horse Racetrack Who Bets All of His