Question: Would an investor with this value function prefer a certain loss of $ 1 0 , or a gamble in which she has a 5
Would an investor with this value function prefer a certain loss of $ or a gamble in which she has a chance of losing $ and a chance of losing nothing?
Certain loss of $
Gamble with chance of losing $ and a chance of losing nothing
Indifferent between the two choices
None of the above
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