a) Write down the equation of a utility function that corresponds to a risk-neutral decision maker. (Note:

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a) Write down the equation of a utility function that corresponds to a risk-neutral decision maker. (Note: there are many possible answers to this part and the next two parts.)
b) Write down the equation of a utility function that corresponds to a risk-averse decision maker.
c) Write down the equation of a utility function that corresponds to a risk-loving decision maker.
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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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