Abigail has the utility function in Wealth U= 12 W0.75 An investment opportunity that will pay $2,500 with probability 0.25 or $10,000 with probability 0.75
Abigail has the utility function in Wealth U= 12 W0.75 An investment opportunity that will pay $2,500 with probability 0.25 or $10,000 with probability 0.75 What is the certainty equivalent
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