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Suppose that you would prefer to receive $90,000 risk free rather than have a 50/50 chance of receiving either $50,000 or $170,000. Is the preference
Suppose that you would prefer to receive $90,000 risk free rather than have a 50/50 chance of receiving either $50,000 or $170,000. Is the preference consistent with log utility?
A.Yes
B.No
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