utility: U= W^1/2 1.utility function for wealth between 130 and 720 2. if 77% is 720 and
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Question:
utility: U= W^1/2
1.utility function for wealth between 130 and 720
2. if 77% is 720 and 23% is 130, what is the expected utility?
3. what is the certainty equivalent?
4. what is the risk premium?
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