Question: (Q.11) For the table above, and with current wealth before the decision being 500, What is the optimal decision in terms of expected monetary value?

(Q.11) For the table above, and with current

(Q.11) For the table above, and with current wealth before the decision being 500, What is the optimal decision in terms of expected monetary value? What is the optimal decision when the utility function for money is given by the utility function summarised as U(x) = 1 - e-x/200? (Q.11) For the table above, and with current wealth before the decision being 500, What is the optimal decision in terms of expected monetary value? What is the optimal decision when the utility function for money is given by the utility function summarised as U(x) = 1 - e-x/200

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