Question: Set your utility for $0 to be 0 and $1 million to be 100. Apply the simple decision tree used in determining your utility for

Set your utility for $0 to be 0 and $1 million to be 100. Apply the simple decision tree used in determining your utility for money, where the lottery has a prize of $1 million if you win and $0 if you lose, to determine your utility for $500,000 and $200,000. Use these 4 utilities to draw your utility curve for money.

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