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1 Consider the following utility functions, where W is wealth: (a) U(W)=W2 (b) U(W)=W1 (c) U(W)=W (d) U(W)=W (e) U(W)=ln(W) (f) U(W)=1W1, with =2 How

1 Consider the following utility functions, where W is wealth: (a) U(W)=W2 (b) U(W)=W1 (c) U(W)=W (d) U(W)=W (e) U(W)=ln(W) (f) U(W)=1W1, with =2 How likely are each of these functions to represent actual investor preferences? Why

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