Hmmm… bet 1, expected utils gained = 10. Bet 2, expected utils gained = 10.
I am not risk-neutral, and so I prefer bet 1; I don’t like the high odds of losing utils in bet 2.
Hmmm… bet 1, expected utils gained = 10. Bet 2, expected utils gained = 10.
I am not risk-neutral, and so I prefer bet 1; I don’t like the high odds of losing utils in bet 2.