Question: FAST PLEASEEEEEE! An individual has the following utility function (w)=2w0.5 +10 using the expected utility, order the following prospects in terms of preference, from the

FAST PLEASEEEEEE! An individual has the following utility function (w)=2w0.5 +10

FAST PLEASEEEEEE!

An individual has the following utility function (w)=2w0.5 +10 using the expected utility, order the following prospects in terms of preference, from the most to the least preferred. P1 (0.9,3,500,500) P2 (0.7,3700, 400) P3 (0.5, 5000, 350) What is the certainty equivalent level for P3

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