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Bob has a utility function U(z,y) = V11 +0.8/72 +0.64/X3 over his incomes 11, 12, 13 in the next three years. This function is an
Bob has a utility function U(z,y) = V11 +0.8/72 +0.64/X3 over his incomes 11, 12, 13 in the next three years. This function is an example of (A) expected utility; (B) quasi-hyperbolic utility function; (C) discounted utility; (D) none of the above. Which of the following preferences agree with Bob's utility? (A) (9,10,11) > (9, 10, 12); (B) (9,10,11) (11, 10,9); (C) (9, 10, 11) > (9, 11, 10); (D) none of the above. Bob has a utility function U(z,y) = V11 +0.8/72 +0.64/X3 over his incomes 11, 12, 13 in the next three years. This function is an example of (A) expected utility; (B) quasi-hyperbolic utility function; (C) discounted utility; (D) none of the above. Which of the following preferences agree with Bob's utility? (A) (9,10,11) > (9, 10, 12); (B) (9,10,11) (11, 10,9); (C) (9, 10, 11) > (9, 11, 10); (D) none of the above
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