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My watch is worth $ | 00.There is a 25% chance that it will be stolen from the locker room when | play racquetball. My
My watch is worth $ | 00.There is a 25% chance that it will be stolen from the locker room when | play racquetball. My utility is given by U = M1/2. On the basis of this information, the expected value of my watch (in $) is and the expected utility from my watch (in utils) is l00; IO 75; 7.5 . 75; |00 . 25; 2.5 25:75
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