Mr. E. Kisan is eager to make his utility function explicit. So he approaches his financial consultant, Mr. Chelumala Rishi Revanth for help who places before Mr. Kisan a choice of a lottery giving either Rs. 10 (say W,) or Rs. 100 (say W) with probabilities p and (1-p) respectively. As the value of p is changed Mr. E. Kisan makes a decision and is able to decide on each corresponding values of C (certainty equivalent). The financial consultant, Mr. Chelumala Rishi Revanth, assigns U(W) = W, hence E[U(W)] = p*W, + (1-p)*W. Using this information we have the following table P 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1.0 E[U(W)] 10091 82 73 64 55 46 37 28 19 10 110 100 90 75 60 50 35 25 15 10 05 C What can you say about the characteristics of the utility function of Mr. Kisan? Draw graphs wherever necessary (use graph paper as provided).