If a game is a fair bet, then people will be willing to play the game regardless of the payoffs.

Name: If a game is a fair bet, then people will be willing to play the game regardless of the payoffs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A fair bet implies that the expected value of the game is zero, meaning the chances of winning are equal to the chances of losing. However, willingness to play depends on individual risk preferences and the magnitude of the payoffs, not just the fairness of the bet.

If a Game Is a Fair Bet, Then People Will