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lectures/equalizing_difference.md

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@@ -434,7 +434,7 @@ In the following exercises, we extend our previous model to a model of entrepren
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```{exercise-start}
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:label: edm_ex1
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```
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We add a parameter $\pi \in (0,1)$ representing the probability that an entrepreneur's "project" succeeds.
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We add a parameter $\pi \in (0,1]$ representing the probability that an entrepreneur's "project" succeeds.
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We now let $h$ be the present value of a "worker".
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