Question: I need help with the whole task... I would be super super thankful!! Problem 1: Expected Utility Theory (26 points) Joe has a wealth of

I need help with the whole task...

I would be super super thankful!!

Problem 1: Expected Utility Theory (26 points) Joe has a wealth of 1 and is an expected utility maximizer. He is offered to participate in a lottery L that gives him 80 or 0 with equal probability or to receive a sure amount of S=15 instead. 50% 80 L

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