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You have a log utility, , where W is your wealth. Currently, you own $ 1 , 0 0 0 . You are given the
You have a log utility, where W is your wealth. Currently, you own $ You are given the chance to receive a payment of $ with a probability of Given the Expected Utility Theory, how much certainty payment would make you indifferent between taking a chance and taking the certainty payment? Enter a number with two decimal points. Answer the question in dollar amount, ie if the answer is $ enter Note: whenever the calculation involves log and exponential operations, it is wise to keep more decimals in your intermediary steps so that your final twodecimal answer is accurate.
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