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Consider the following card game with a well-shuffled deck of 52 cards. You win ...
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Consider the following card game with a well-shuffled deck of 52 cards. You win 3 € if you draw a black king or a spade and 7 € if you draw a heart or a red queen. If you draw any other card you win nothing.
What is the maximum amount you would be willing to pay to play this game?
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