You are proposed to accept or reject a lottery which gives X with probability 1/3 and -1 with probability 2/3. Before accepting you receive a signal… You are proposed to accept or reject a lottery which gives X with probability 1/3 and -1 with probability 2/3. Before accepting you receive a signal “g” (good) or “b” (bad). The signal has precision q=P(g|win)=P(b|lose)>1/2.Suppose you...
