Question: Certainty Equivalent Example John's utility function is given by U(x) = 3 $1000 It is known that if John invests $800 in equities, then he

Certainty Equivalent Example John's utility function is given by U(x) =

Certainty Equivalent Example John's utility function is given by U(x) = 3 $1000 It is known that if John invests $800 in equities, then he would receive $1500 with probability and $500 with probability . Calculate his certainty equivalent

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