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We consider the 'final' (deciding) set in a tennis match. We examine whether it is true that the chances for both players to win the match are equal at the beginning of the final set, even though they were not equal at the beginning of the match. We also test whether it is easier for an unseeded...
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An expected utility based cost-benefit analysis is in general fragile to its distributional assumptions. We derive necessary and sufficient conditions on the utility function of the expected utility model to avoid this. The conditions ensure that expected (marginal) utility remains finite also...
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