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Chapter 2 2.1 Utility rnction: Under certainty, any increasing monotone transformation of a utility function is also a utility function representing the same preferences. Under

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Chapter 2 2.1 Utility rnction: Under certainty, any increasing monotone transformation of a utility function is also a utility function representing the same preferences. Under uncertainty, we must restrict this statement to linear transformations if we are to keep the same preference representation. Give a mathematical as well as an economic interpretation for this

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