Question: Suppose Mr Spock (a rational person) has a utility function v(x)=x0.5 and he has been offered the choice between $4 (sure gain) and a gamble

Suppose Mr Spock (a rational person) has a utility function v(x)=x0.5 and he has been offered the choice between $4 (sure gain) and a gamble G which offers a 0.6 probability of winning $9 and a 0.4 probability of winning $1. What is the expected value of gamble G? What is the expected utility of gamble G? What is the expected utility of the $4 isure gain) ? Which offer would Iv. Spock selecte Print 1 in the answer boxif you select gamble G. Print 2 in the answer box for the $4 sure gain what is the cenainty equivalent of the game GA

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