suppose investor A has 20,000 in his account and derives 4 utiles of utility from this amount
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Question:
suppose investor A has 20,000 in his account and derives 4 utiles of utility from this amount and would derive 5 utiles of utility if he had 40,000.He is faced with a choice to invest 20,000 in a project that has 60% probability of earning a profit of 20,000 and 40% probability of losing 20,000.Is the manager likely to invest in the project?.
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