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Family members may be able to provide a similar service, helping older adults discern fraud attempts by patiently going through their mail, discussing how much the person has sent to lotteries over the past few months and how much they've actually received in winnings.
Allowing ex-ante lotteries over wealth improves the explanatory power of the model.
Several experimental studies have observed substantial violations of transitivity for decisions between risky lotteries over monetary outcomes.
Other interpretations are "subjectivist," taking probabilities to be measures of "degrees of belief," perhaps evidenced in behavior in situations of risk by choices of available lotteries over outcomes.
These results are based on a generalization of the Birkhoff von Neumann theorem on how probability shares of bundles can be expressed as lotteries over approximately feasible allocations, which is of independent interest.
Further research may be required to understand whether the absence of the intransitivity problem is mainly due to the control for errors in our design or due to the fact that our alternatives are not lotteries over monetary amounts, as in previous studies, but composed of health states.
Similar(53)
The ruling dealt a potentially mortal blow to the summertime dreams of many New Yorkers, who had followed the case like a kind of lottery drawing over the past two months.
Red Bull team principal Christian Horner, who is a close friend of Ecclestone's, said that he didn't like the idea of having a "lottery" of a last race, but would be in favour of extending the scheme across the final three races to "take away an element of lottery over that last race".
Many states have decided that "if you turn the lottery over to the private sector, they can run it more efficiently," said Arturo Perez, a fiscal analyst with the National Conference of State Legislatures, who added that he had not seen a plan quite like this one.
A mixed strategy is a lottery over the available strategies of each individual.
Health watchdog the Care Quality Commission has warned that patients in England who have experienced a stroke face a postcode lottery over the rehabilitation and aftercare they are offered.
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