Question: Abigail has the utility function in Wealth U = 8 W 0.75 An investment opportunity that will pay $3,000 with probability 0.35 or $600 with

Abigail has the utility function in Wealth
U = 8 W0.75
An investment opportunity that will pay $3,000 with probability 0.35
or $600 with probability 0.65
What is the certainty equivalent?

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