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Question: Suppose you are playing in a championship basketball game. There are four seconds left in the game and your team is losing by two points. You have the ball and call a time out. You have two choices. You could try for a three-point play to win. The odds you succeed are .3. Or, you could go for a two-point play and force the game to go into overtime. The odds of making the two-point play are .5. Suppose the odds of winning in overtime are .5. Which option would you choose?

Microeconomics, Economics

  • Category:- Microeconomics
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