Question: expected utility functionIf Sam's brother, Morgan, believes that there is a 50% chance of rain and a 50% chance of sun every day, his expected

expected utility functionIf Sam's brother, Morgan, believes that there is a 50% chance of rain and a 50% chance of sun every day, his expected utility of consumption is = 1 2 + 1 2 U= 2 1 lnc s + 2 1 lnc r . Is the expected utility function correct

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