Question: If an individual invests the amount a, then the return from that investment is a X , where P(X =1)=0.4, P(X =0.2)=0.5, P(X =2.5)=0.1 What

If an individual invests the amount a, then the return from that investment is a X , where P(X =1)=0.4, P(X =0.2)=0.5, P(X =2.5)=0.1 What is the optimal value of a for a risk-averse individual?

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