A merchant living in the 1700's just got the information on a new buisness plan. If it succeeds, he becomes richer than he ever could imagine; but if it fails, he will lose everything. Although this is a once in a lifetime opportunity, would the merchant take the risk?
If I was a merchant in that situation, I wouldn't take that risk. There is a fifty percent chance that my ships won't make it back and I wouldn't be willing to gamble that much. I would be thankful for what I have and just continue with my average life, not setting out on any new projects.
If I was a merchant in that situation, I wouldn't take that risk. There is a fifty percent chance that my ships won't make it back and I wouldn't be willing to gamble that much. I would be thankful for what I have and just continue with my average life, not setting out on any new projects.
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