Question: Answer Question with a few sentences, numbers, or a picture n.- 2. If you have utility from consumption 11(0) = V'E, then your expected utility

Answer Question with a few sentences, numbers, or a picture

n.- 2. If you have utility from consumption 11(0) = V'E, then your expected utility from a gamble that gives consumption of I} half the time and Y half the time is EU = %x/+ %s/? = x/T'. If this was a good representation of your preferences and you had $100 in your pocket, about how much would you be willing to pay to amid a risk of losing it all half the time

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