Problem 3 You are on the show Deal or No Deal and there are four boxes remaining, containing amounts 160, 000, 10,000, 100 and 1. You are offered 40, 000 to give up the right to open the boxes. Behavioural Economics: Exercises on Topic 2 Part H. 2 (a) Assuming that your aim is to maximise expected value should you accept or reject the offer? (b) Now assuming instead that you have an expected utility function u (1:) = and that you aim to maximise expected utility should you accept or reject the offer? (0) Given your utility function what is the minimum amount you need to be offered in order to accept the offer