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4. An individual is seen to place an even-money $100, 000 bet on the Lakers to...

4. An individual is seen to place an even-money $100, 000 bet on the Lakers to win the NBA championship. If that individual has a ln (.) von Neumann-Morgenstern utility function and his current wealth is $1,000, 000; what is the minimum probability he must assign to the Lakers winning the championship? Show your steps

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