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2. Consider a person with constant relative risk aversion . Suppose the person has wealth of $100,000 and faces a gamble in which he wins

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2. Consider a person with constant relative risk aversion . Suppose the person has wealth of $100,000 and faces a gamble in which he wins or loses x with equal probabilities. Calculate the amount he would pay to avoid the gamble, for various values of (say, between 0.5 and 40 ), and for x=$100, $1,000, and $25,000. For large gambles, do large values of seem reasonable? What about small gambles

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