4. NOW ODLaI Le Value Of U I trial makes you mumferent between Having WVU WILIT probability one {300; 1}, and facing the risky prospect {100, 500: [, 1 - . If that value of 0 = makes you indifferent between {300; 1} and {100, 500: 0, 1 [), then (300) = qu(100) + (1 - [) u(500) + u(100) (1-0) u (500) u(300) You just found the value of utility associated to the outcome of 300