Question: Consider a player with the utility function U(x) = 5x3/4 a. Find the Arrow-Pratt absolute measure of risk aversion b. Find the Arrow-Pratt relative measure

Consider a player with the utility function U(x) = 5x3/4 a. Find the Arrow-Pratt absolute measure of risk aversion b. Find the Arrow-Pratt relative measure of risk aversion c. Evaluate both (a) and (b) at a value of x=$100. d. Calculate the risk premium for a 50/50 lottery of receiving $100 or $200

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