Question: In the trade-off method for assessing utilities, consider the dollar amount X 1 that makes you indifferent between gambles A 1 and A 2 ,

In the trade-off method for assessing utilities, consider the dollar amount X₁ that makes you indifferent between gambles A₁ and A₂, and X₂ that makes you indifferent between gambles B₁ and B₂. Show that U(X₂) = 2U(X₁).

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