Question: utility function is u=0.5M, whereM is her money. She already has $16 and she is offered acoin toss gamble where she would win$9 if the

utility function is u=0.5M, whereM is her money. She already has $16 and she is offered acoin toss gamble where she would win$9 if the coin comes up heads orlose $7 if the coin comes up tails. Would she take or refuse the gamble?

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