15.9. Sketch the graphs of the following utility functions as I varies over the range $0 to...
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15.9. Sketch the graphs of the following utility functions as I varies over the range $0 to $100. Based on these graphs, indicate whether the decision maker is risk averse, risk neutral, or risk loving:
a)
b)
c)
d) U ! 5I U ! ln (I " 1)
U ! (1/8)I 2
U ! 10I # (1/8)I2
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