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5. (10 points) True or False. Explain your reasoning. Assume that an agent's preferences can be represented by a strictly increasing vNM utility function. If

5. (10 points) True or False. Explain your reasoning. Assume that an agent's preferences can be represented by a strictly increasing vNM utility function. If a pmSpeet gives an agent higher wealth than another prospect in each possible state, the agent must prefer the former to the latter

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