Question: Consider an individual with Bernoulli utility function given by u (w) = 150w2 - w3 If this individual faces a lottery of Lc (w) where

Consider an individual with Bernoulli utility function given by u (w)

Consider an individual with Bernoulli utility function given by u (w) = 150w2 - w3 If this individual faces a lottery of Lc (w) where w - unif 60, 80), what is the expected utility? (your answer should be exact)

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