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

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

Using the expected utility, order the following prospects in terms of preference, from the most to the least preferred.

P1 (0.8, 9500, 5000)

P2 (0.6, 10500, 3000)

What is the certainty equivalent level for P2.

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