Question: Lakisha has a utility function for income given by U ( I ) = I 2 . Lakisha is Lakisha is considering an investment that
Lakisha has a utility function for income given by Lakisha is
Lakisha is considering an investment that would give her an income of $ with a probability of or an income of $ with a probability of The expected utility of this investment is
Enter your response as a real number rounded to two decimal places.
Lakisha is also considering a safe investment that returns a certain income of $ Given her utility function, Lakisha would prefer the
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