Question: John has the following utility function: u(w)=w 0.5 or the square root function. Using expected utility, which prospect is preferred? P1(0.20, 100, 10,000) P2(0.40, 64,

John has the following utility function: u(w)=w 0.5 or the square root function. Using expected utility, which prospect is preferred? P1(0.20, 100, 10,000) P2(0.40, 64, 14,400) The individual is indifferent. P2 P1 There is not enough information to answer this

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