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x 14. Phil's vNM utility for money is u(x) = - exp 200 where x is Phil's final wealth level . He currently has $0

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x 14. Phil's vNM utility for money is u(x) = - exp 200 where x is Phil's final wealth level . He currently has $0 and is facing the following gamble . With 80 % probability he receives $ 1000 With 20 % probability he receives $100 . What is Phil's risk premium for this lottery? Note: There is a minus sign in the exponent A. 406.81 B. 1226.81 C. 2161.86 D. None of the above

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