# Suppose your utility function is given by U = 1M, where M is your total wealth. If M has an initial value of 16, will you accept the gamble in the preceding problem?

Suppose your utility function is given by U = 1M, where M is your total wealth. If M has an initial value of 16, will you accept the gamble in the preceding problem?

## This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!

**Related Book For**

## Students also viewed these Economics questions