scaling the utility function A seemingly awkward part of using the negative exponential utility function is the

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scaling the utility function A seemingly awkward part of using the negative exponential utility function is the fact it is negative. Consider a utility function of U(W) = 10 - exp(-rW), with r =

.01. Repeat parts ra] and [bl of problem 8 above. Why are the choices and certain equivalents unaffected by the addition of 10 units to the utility scale?15 AppendixLO1

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