Question: 1. What is certainty equivalent? and HOW do we calculate it? 2. Why do we use it? and HOW it affects the decision-making process? 3.

1. What is certainty equivalent? and HOW do we calculate it?

2. Why do we use it? and HOW it affects the decision-making process?

3. Give a numerical example.

1. What is certainty equivalent? and HOW do we calculate it?

1st Assignment Dear all, for your first assignment, please answer the following questions 1. What is certainty equivalent? and HOW do we calculate it? 2. Why do we use it? and How it affects the decision-making process? 3. Give a numerical examnle

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