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$p=$[lambda U'(1 - frac{phi}{lambda})$ + $ (1-lambda)U'(1)] frac{1}{U'(1)}$ Differentiate the above with respect to frac{phi}{lambda}
$p=$[\lambda U'(1 - \frac{\phi}{\lambda})$ + $ (1-\lambda)U'(1)] \frac{1}{U'(1)}$
Differentiate the above with respect to \frac{\phi}{\lambda}
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