Question: Assess your utility function in three different ways. a. Use the certainty-equivalent approach to assess your utility function for wealth over a range of 100

Assess your utility function in three different ways.

a. Use the certainty-equivalent approach to assess your utility function for wealth over a range of 100 to $20,000.

b. Use the probability-equivelent approach to assess U($1,500), U($5,600), U($9,050), and U($13,700). Are these assessments consistent with the assessments made in part a?

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