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    Explain Expected Value Decisions

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    What can harm a person in professional settings by being a risk taker?
    What is an example of expected-value decision rule in a workplace?

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    Being a risk taker is dangerous, because there are no guarantees that the risk you are taking will be worthwhile in the long run. As an example, making a fifty dollar bet at a casino could give a big return; however, the likelihood that this risk will pay off is very shaky. If you need the money, you ...