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show work 6 pts Question 14 Deal or No Deal: Erwin, an EUT decision maker with a current utility function of u(x)=In(x), is on the

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6 pts Question 14 Deal or No Deal: Erwin, an EUT decision maker with a current utility function of u(x)=In(x), is on the game show, Deal or No Deal. The banker has offered him $64,000. The two briefcases that remain are $250,000 and $40,000. A. Based on Erwin's expected utility, what should he do? B. In order for Erwin to be indifferent between the two options, what must the bank offer be? 6 pts Question 14 Deal or No Deal: Erwin, an EUT decision maker with a current utility function of u(x)=In(x), is on the game show, Deal or No Deal. The banker has offered him $64,000. The two briefcases that remain are $250,000 and $40,000. A. Based on Erwin's expected utility, what should he do? B. In order for Erwin to be indifferent between the two options, what must the bank offer be

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