Two Slot Machines Offer to Double Your Money 3 Times

question 60

Multiple Choice

Two slot machines offer to double your money 3 times out of 5. Machine A takes $10 bets and Machine B takes $100 bets on each occasion. A risk-averse investor prefers to bet on ________.

• A) Machine A
• B) Machine B
• C) does not matter
• D) none of the above

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Definitions:

Deinstitutionalization

The policy or process of releasing individuals from long-term care facilities, such as psychiatric hospitals, and integrating them back into the community.

Mental Hospitals

Healthcare facilities specializing in the treatment and care of patients with mental illnesses.

Restrictive Manner

A behavior or action characterized by limitations or strict controls.

Mental Hospitals

Medical facilities specializing in the treatment and care of individuals with mental health disorders.