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Yoko has a utility function such that U ( W ) = W ^ 0 . 5 . She spent all her wealth on shares
Yoko has a utility function such that UWW She spent all her wealth on shares of a company providing a new electronic money. The company is going to have an initial public offering IPO tomorrow. Yoko believes that her shares worth $ with probability and $ with a probability. What is her expected utility?
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