Question: Suppose your current wealth, M, is 100 and your utility function is U = M2. You have a lottery ticket that pays $10 with a

Suppose your current wealth, M, is 100 and your utility function is U = M2. You have a lottery ticket that pays $10 with a probability of 0.25 and $0 with a probability of 0.75. What is the minimum amount for which you would be willing to sell this ticket?

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