Question: Problem 4: In the trade-off method for assessing utilities, consider the dollar amounts X2 and makes you indifferent between gamble A1 and A2, and

Problem 4: In the trade-off method for assessing utilities, consider the dollar

Problem 4: In the trade-off method for assessing utilities, consider the dollar amounts X2 and makes you indifferent between gamble A1 and A2, and B1 and B2. Show that U(X2) = 2U(X1). A1 A2 B1 B2 Win $50 with probability 0.5 Win X1 with probability of 0.5 Win $100 (maximum) with probability 0.5 Win $10 (minimum) with probability of 0.5 Win $50 with probability 0.5 Win X2 with probability of 0.5 Win $100 (maximum) with probability 0.5 Win X1 with probability of 0.5 that

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