Q11 What is the behavior of a person with the following utility function? 1 0.8 Utility...

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Q11 What is the behavior of a person with the following utility function? 1 0.8 Utility 0.6 0.4 0.2 0 $0 $50 $100 Wealth $150 $200 a) b) $100. Risk-averse. Risk-seeking up to $100 wealth, then risk-averse after c) Risk-seeking. d) Risk-averse up to $100 wealth, then risk-seeking after $100. Risk-neutral. e) f) Risk-averse up to $50 wealth, then risk-seeking after $50. Q12 Let A and B are two independent events with P(A)=0.5 and P (AB)=0.4. P(B)=? Q11 What is the behavior of a person with the following utility function? 1 0.8 Utility 0.6 0.4 0.2 0 $0 $50 $100 Wealth $150 $200 a) b) $100. Risk-averse. Risk-seeking up to $100 wealth, then risk-averse after c) Risk-seeking. d) Risk-averse up to $100 wealth, then risk-seeking after $100. Risk-neutral. e) f) Risk-averse up to $50 wealth, then risk-seeking after $50. Q12 Let A and B are two independent events with P(A)=0.5 and P (AB)=0.4. P(B)=?