Question: Elvira is a risk-weighted expected utility maximizer with risk function r ( p ) = p 2 and utility function u ($ x ) =log

Elvira is a risk-weighted expected utility maximizer with risk function r(p) =p² and utility function u($x) =log₂(x). Find her maximum buying price and her minimum selling price for both of the following wagers (with the probabilities given along the top).

	0.5	0.4	0.1
A	$16	$32	$64
B	$32	$16	$16

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