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Please help, step-by-step with my behavioral finance hw. im confused. Mike has the following utility function: u(w)=ln(w) where wealth is in units of 1,000 Order

Please help, step-by-step with my behavioral finance hw. im confused.

Mike has the following utility function: u(w)=ln(w) where wealth is in units of 1,000 Order the following prospects from most to least preferred. P1(7,1,000,400)P2(.4,2,200,1,800)P3(.8,2,000,1,000)

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