Question: 7. Prove the expected utility function of the following form: U(e) = uo(co) + Twul (C1w) (1) WEN satisfies the independence axiom. 7. Prove the

7. Prove the expected utility function of the following form: U(e)

7. Prove the expected utility function of the following form: U(e) = uo(co) + Twul (C1w) (1) WEN satisfies the independence axiom. 7. Prove the expected utility function of the following form: U(e) = uo(co) + Twul (C1w) (1) WEN satisfies the independence axiom

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