PitchSend

Investor Presentaiton

Learning Objectives After this lecture, you will be able to: 1. Describe the St. Petersburg Paradox and understand the solution proposed by Bernoulli. 2. Calculate the expected value or expected utility with a tree diagram. 3. Explain in what sense the expected value fails to fairly represent the outcome of an experiment. 4. Graph a recursive tree diagram using ggtree. See Appendix for R code.

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