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That translates into a payoff of roughly 250 to 1 in five years.
Similar(59)
In some instances a single dollar can net a payoff of tens of thousands.
So, observe: If Player II confesses then Player I gets a payoff of 2 by confessing and a payoff of 0 by refusing.
If Player II refuses, then Player I gets a payoff of 4 by confessing and a payoff of 3 by refusing.
If neither of them confess, they each get a payoff of 3 (2 years in prison each).
We assume that a null outcome, such as a payoff of zero, occurs with probability 1−p.
If c is chosen in the left state each get a payoff of y and if d is chosen in the right state each get a payoff y, otherwise each receive no payoff.
That's a saving of roughly 25 percent.
Analysts expect a price of roughly $45,000.
A lottery ticket costs a dollar and has a possible payoff of $10 million but an expected payoff of 50 cents.
The implication is that it equally values a guaranteed payoff of $21 with any set of probabilistic payoffs whose expected value is also $21.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com