Determine laplace criterion value
Assume that payoff from the investment depends upon market conditions. The great market has payoff of $200,000, the normal market has the payoff of $100,000, and the poor market has the payoff of $20,000. Determine Laplace criterion value?
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The great market has payoff of $200,000, the normal market has the payoff of $100,000, and the poor market has the payoff of $20,000. Determine Laplace criterion value?
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