Question: . Question 5. Consider the two gambles A = 1 o $1 and B = 1/2 0 $0 @ 1/2 0 $2. Assume the decision

Question 5. Consider the two gambles A = 1 o $1 and B = 1/2 0 $0 @ 1/2 0 $2. Assume the decision maker is an expected utility maximiser. a) Show that lottery A second-order stochastically dominates lottery B. b) Find an appropriate utility function over outcomes u such that Eu( A)

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