Suppose your utility over dollars x is u(x) ln(25 2x) Lottery A gives $8 with probability 1 2 , $12 with probability 1 6 , and $0 otherwise Lottery B gives $20 with probability 1 3 , $0 with probability 1 3 , and $10 otherwise Lottery C gives $10 with probability 1 4 , $15 with probability 1 4 , and $4 otherwise Compute the expected value of each lottery How do they rank

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Suppose your utility over dollars x is u(x)   ln(25 2x)  Lottery A gives $8 with probability 1 2 , $12 with probability 1 6 , and $0 otherwise  Lottery B gives $20 with probability 1 3 , $0 with probability 1 3 , and  $10 otherwise  Lottery C gives $10 with probability 1 4 , $15 with probability 1 4 , and  $4 otherwise  Compute the expected value of each lottery  How do they rank

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Question: Suppose your utility over dollars x is u(x) = ln(25 2x). Lottery A gives $8 with probability 1 2 , $12 with probability 1 6

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