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An investor is considering to organize a forum to exhibit an education product on the coming Sunday. The success of the event depends on the

An investor is considering to organize a forum to exhibit an education product on the
coming Sunday. The success of the event depends on the weather condition on that day
which could be one of the following three possibilities: Good (G), Moderate (M) and
Raining (R). The returns and probabilities together with a risk-free opportunity (e.g.
deposit money in a bank) are given below
The investor's utility function is U(x)=ln(x). How to invest in the risky asset and the
risk-free one?
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