Question: Assess your utility function in two 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 two 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-equivalent approach to assess U($1500),U($5600),U($9050) and U($13, 700). Are those assessment consistent with the assessments made in part a? Plot these assessment and those from part a on the same graph and compare them?

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