Question: An individual has the following utility function u(w) = 0.5 w 1.5 + 100 using the expected utility, order the following prospects in terms of

An individual has the following utility function u(w) = 0.5 w1.5 + 100

using the expected utility, order the following prospects in terms of preference, from the most to the least preffered

P1 (0.8, 9500, 5000)

P2 (0,6 , 10500, 3000)

What is the certainty equivalent level for P2

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