QUESTION 22 If a player has a utility function given by (W) = W0.75, what is the maximum they will be willing to pay to play the St Petersburg Paradox game? 2.00 4.00 5.83 9.18 Infinite QUESTION 23 There are four axioms that underpin Expected Utility Theory. Match the names of these axioms to the four descriptions below. If lottery A is preferred to lottery B; and lottery B is preferred to lottery C; then lottery A must A. Convexity be preferred to lottery C. For every pair of possible lotteries, A and B; either A is preferred to B, B is preferred to A, or A is valued indifferently to B. There is nothing so good (or so bad) that it does not become insignificant if it occurs with small enough probability. If we have to choose between two lotteries which are partially identical, then our decision should only depend on the difference between the two lotteries, not on the parts that are identical. B. Continuity C. Transitivity D. Completeness E. Monotonicity F. Independence