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Suppose that a decision maker's risk attitude toward monetary gains or lossesxgiven by the utility function . Suppose that a decision maker has the choice

Suppose that a decision maker's risk attitude toward monetary gains or lossesxgiven by the utility function . Suppose that a decision maker has the choice of buying a lottery ticket for$1,or not.Suppose that the lottery winning is$500,000,and the chance of winning is one in a thousand. True of false: Thedecision maker should buy the lottery ticket. (BE CAREFUL WITH DECIMALS)

True

False

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