Question: please double check your work!! i need this to be correct in order to pass!! I WILL THUMBS UP!! (a) Plot the utility function for
please double check your work!! i need this to be correct in order to pass!! I WILL THUMBS UP!!


(a) Plot the utility function for each decision maker. (A payoff of 500 was assigned a utility of 1 and a payoff of -400 was assigned a utility of Payoff (i) Payoff (i) Payoff (i) (b) Characterize each decision maker's attitude toward risk. Decision maker A would best be described as . Decision maker B would best be described as ]. Decision maker C would best be described as (c) Using the expected utility criterion which decision will each person prefer? Decision maker A will prefer . Decision maker B will prefer . Decision maker C will prefer
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