=9.38. Reconsider Problem 9.37. You now are uncertain about what your true utility function for receiving money
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=9.38. Reconsider Problem 9.37. You now are uncertain about what your true utility function for receiving money is, so you are in the process of constructing this utility function by using the equivalent lottery method and units of thousands of dollars. You have concluded that you are indifferent between the two alternatives offered to you by your parents. Use this information to find U(19) after setting U(10) 0 and U(30) 1.
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Introduction To Management Science A Modeling And Case Studies Approach With Spreadsheets
ISBN: 9780078096600
4th Edition
Authors: Frederick S. Hillier And Mark S. Hillier
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