Question: Assess your own utility for different incremental amounts of mon

Assess your own utility for different incremental amounts of money by running a series of preference tests between some definite amount M1 and a lottery [p, M2; (1—p), 0]. Choose different values of M1 and M2 vary p until you are in different between the two choices. Plot the resulting utility function.

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  • CreatedFebruary 14, 2011
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