SlideShare a Scribd company logo

An individual has a vNM utility function over money of ux.pdf

•
•
A
adityae10

An individual has a vNM utility function over money of u(x)=x, where x is final wealth. Assume the individual currently has $16. He is offered a lottery with three possible outcomes; he could gain an extra $9, lose $7, or not lose or gain anything. There is a 15% probability that he will win the extra $9. What probability, p, of losing $7 would make the individual indifferent between to play and to not play the lottery? (Make sure to answer in the form, 0.x, i.e. 0.25 ).

Education
1 of 1
Download to read offline
An individual has a vNM utility function over money of u(x)=x, where x is final wealth. Assume the individual currently has $16. He is offered a lottery with three possible outcomes; he could gain an extra $9, lose $7, or not lose or gain anything. There is a 15% probability that he will win the extra $9. What probability, p, of losing $7 would make the individual indifferent between to play and to not play the lottery? (Make sure to answer in the form, 0.x, i.e. 0.25 )

Recommended

An investor invests 70 of his wealth in a risky asset with .pdf
An investor invests 70 of his wealth in a risky asset with .pdfAn investor invests 70 of his wealth in a risky asset with .pdf
An investor invests 70 of his wealth in a risky asset with .pdfadityae10
 
An organization learns from a social media site that less th.pdf
An organization learns from a social media site that less th.pdfAn organization learns from a social media site that less th.pdf
An organization learns from a social media site that less th.pdfadityae10
 
An organization is trying to determine whether it should con.pdf
An organization is trying to determine whether it should con.pdfAn organization is trying to determine whether it should con.pdf
An organization is trying to determine whether it should con.pdfadityae10
 
An opensource program has the following behavior after rec.pdf
An opensource program has the following behavior after rec.pdfAn opensource program has the following behavior after rec.pdf
An opensource program has the following behavior after rec.pdfadityae10
 
An operon is Select a short sequence of D.pdf
An operon is Select a short sequence of D.pdfAn operon is Select a short sequence of D.pdf
An operon is Select a short sequence of D.pdfadityae10
 
An IP address connects to a server every day at some random .pdf
An IP address connects to a server every day at some random .pdfAn IP address connects to a server every day at some random .pdf
An IP address connects to a server every day at some random .pdfadityae10
 
An aptitude test is designed to measure leadership abilities.pdf
An aptitude test is designed to measure leadership abilities.pdfAn aptitude test is designed to measure leadership abilities.pdf
An aptitude test is designed to measure leadership abilities.pdfadityae10
 
An investor holds two stocks each of which can rise R re.pdf
An investor holds two stocks each of which can rise R re.pdfAn investor holds two stocks each of which can rise R re.pdf
An investor holds two stocks each of which can rise R re.pdfadityae10
 

Recommended

An investor invests 70 of his wealth in a risky asset with .pdf
An investor invests 70 of his wealth in a risky asset with .pdfAn investor invests 70 of his wealth in a risky asset with .pdf
An investor invests 70 of his wealth in a risky asset with .pdfadityae10
 
An organization learns from a social media site that less th.pdf
An organization learns from a social media site that less th.pdfAn organization learns from a social media site that less th.pdf
An organization learns from a social media site that less th.pdfadityae10
 
An organization is trying to determine whether it should con.pdf
An organization is trying to determine whether it should con.pdfAn organization is trying to determine whether it should con.pdf
An organization is trying to determine whether it should con.pdfadityae10
 
An opensource program has the following behavior after rec.pdf
An opensource program has the following behavior after rec.pdfAn opensource program has the following behavior after rec.pdf
An opensource program has the following behavior after rec.pdfadityae10
 
An operon is Select a short sequence of D.pdf
An operon is Select a short sequence of D.pdfAn operon is Select a short sequence of D.pdf
An operon is Select a short sequence of D.pdfadityae10
 
An IP address connects to a server every day at some random .pdf
An IP address connects to a server every day at some random .pdfAn IP address connects to a server every day at some random .pdf
An IP address connects to a server every day at some random .pdfadityae10
 
An aptitude test is designed to measure leadership abilities.pdf
An aptitude test is designed to measure leadership abilities.pdfAn aptitude test is designed to measure leadership abilities.pdf
An aptitude test is designed to measure leadership abilities.pdfadityae10
 
An investor holds two stocks each of which can rise R re.pdf
An investor holds two stocks each of which can rise R re.pdfAn investor holds two stocks each of which can rise R re.pdf
An investor holds two stocks each of which can rise R re.pdfadityae10
 
An auditing client applied for a bank loan from First Bank .pdf
An auditing client applied for a bank loan from First Bank .pdfAn auditing client applied for a bank loan from First Bank .pdf
An auditing client applied for a bank loan from First Bank .pdfadityae10
 
An integral protein in the membrane would have amino acid R .pdf
An integral protein in the membrane would have amino acid R .pdfAn integral protein in the membrane would have amino acid R .pdf
An integral protein in the membrane would have amino acid R .pdfadityae10
 
An inorder traversal for a subtree rooted at node p Perform.pdf
An inorder traversal for a subtree rooted at node p Perform.pdfAn inorder traversal for a subtree rooted at node p Perform.pdf
An inorder traversal for a subtree rooted at node p Perform.pdfadityae10
 
An important aspect of any research study is data collection.pdf
An important aspect of any research study is data collection.pdfAn important aspect of any research study is data collection.pdf
An important aspect of any research study is data collection.pdfadityae10
 
An inclass test of the opponent process theory of color vis.pdf
An inclass test of the opponent process theory of color vis.pdfAn inclass test of the opponent process theory of color vis.pdf
An inclass test of the opponent process theory of color vis.pdfadityae10
 
An event A has probability 02 An event B has probability .pdf
An event A has probability 02 An event B has probability .pdfAn event A has probability 02 An event B has probability .pdf
An event A has probability 02 An event B has probability .pdfadityae10
 
An imaging department receives paper documents they scan and.pdf
An imaging department receives paper documents they scan and.pdfAn imaging department receives paper documents they scan and.pdf
An imaging department receives paper documents they scan and.pdfadityae10
 
An exporter in a developing country sells under CIF terms t.pdf
An exporter in a developing country sells under CIF terms t.pdfAn exporter in a developing country sells under CIF terms t.pdf
An exporter in a developing country sells under CIF terms t.pdfadityae10
 
An Excel file containing quarterly cash flows for Verizon is.pdf
An Excel file containing quarterly cash flows for Verizon is.pdfAn Excel file containing quarterly cash flows for Verizon is.pdf
An Excel file containing quarterly cash flows for Verizon is.pdfadityae10
 
An extensive game has two players 1 and 2 At the start of .pdf
An extensive game has two players 1 and 2 At the start of .pdfAn extensive game has two players 1 and 2 At the start of .pdf
An extensive game has two players 1 and 2 At the start of .pdfadityae10
 
An example of an II application control ITAC that is confi.pdf
An example of an II application control ITAC that is confi.pdfAn example of an II application control ITAC that is confi.pdf
An example of an II application control ITAC that is confi.pdfadityae10
 
An Euler tour cycle of a strongly connected graph .pdf
An Euler tour cycle of a strongly connected graph .pdfAn Euler tour cycle of a strongly connected graph .pdf
An Euler tour cycle of a strongly connected graph .pdfadityae10
 
An environmental project requires an initial investment of .pdf
An environmental project requires an initial investment of .pdfAn environmental project requires an initial investment of .pdf
An environmental project requires an initial investment of .pdfadityae10
 
An employer agrees to pay 14900 for medical insurance and .pdf
An employer agrees to pay 14900 for medical insurance and .pdfAn employer agrees to pay 14900 for medical insurance and .pdf
An employer agrees to pay 14900 for medical insurance and .pdfadityae10
 
An environmental project requires investments of 100000 in.pdf
An environmental project requires investments of 100000 in.pdfAn environmental project requires investments of 100000 in.pdf
An environmental project requires investments of 100000 in.pdfadityae10
 
An elementary school is assessing how many activities in whi.pdf
An elementary school is assessing how many activities in whi.pdfAn elementary school is assessing how many activities in whi.pdf
An elementary school is assessing how many activities in whi.pdfadityae10
 
An antibiotic interferes with the ability of the ribosome to.pdf
An antibiotic interferes with the ability of the ribosome to.pdfAn antibiotic interferes with the ability of the ribosome to.pdf
An antibiotic interferes with the ability of the ribosome to.pdfadityae10
 
An Airbnb home has installed a combination lock with pushbut.pdf
An Airbnb home has installed a combination lock with pushbut.pdfAn Airbnb home has installed a combination lock with pushbut.pdf
An Airbnb home has installed a combination lock with pushbut.pdfadityae10
 
An economy has a consumption function of C12+07Y investme.pdf
An economy has a consumption function of C12+07Y investme.pdfAn economy has a consumption function of C12+07Y investme.pdf
An economy has a consumption function of C12+07Y investme.pdfadityae10
 
An earthquake along the Cascadia Subduction zone Mw91 st.pdf
An earthquake along the Cascadia Subduction zone Mw91 st.pdfAn earthquake along the Cascadia Subduction zone Mw91 st.pdf
An earthquake along the Cascadia Subduction zone Mw91 st.pdfadityae10
 
MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupJonathanParaisoCruz
 
EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxEPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxRaymartEstabillo3
 

More Related Content

More from adityae10

An auditing client applied for a bank loan from First Bank .pdf
An auditing client applied for a bank loan from First Bank .pdfAn auditing client applied for a bank loan from First Bank .pdf
An auditing client applied for a bank loan from First Bank .pdfadityae10
 
An integral protein in the membrane would have amino acid R .pdf
An integral protein in the membrane would have amino acid R .pdfAn integral protein in the membrane would have amino acid R .pdf
An integral protein in the membrane would have amino acid R .pdfadityae10
 
An inorder traversal for a subtree rooted at node p Perform.pdf
An inorder traversal for a subtree rooted at node p Perform.pdfAn inorder traversal for a subtree rooted at node p Perform.pdf
An inorder traversal for a subtree rooted at node p Perform.pdfadityae10
 
An important aspect of any research study is data collection.pdf
An important aspect of any research study is data collection.pdfAn important aspect of any research study is data collection.pdf
An important aspect of any research study is data collection.pdfadityae10
 
An inclass test of the opponent process theory of color vis.pdf
An inclass test of the opponent process theory of color vis.pdfAn inclass test of the opponent process theory of color vis.pdf
An inclass test of the opponent process theory of color vis.pdfadityae10
 
An event A has probability 02 An event B has probability .pdf
An event A has probability 02 An event B has probability .pdfAn event A has probability 02 An event B has probability .pdf
An event A has probability 02 An event B has probability .pdfadityae10
 
An imaging department receives paper documents they scan and.pdf
An imaging department receives paper documents they scan and.pdfAn imaging department receives paper documents they scan and.pdf
An imaging department receives paper documents they scan and.pdfadityae10
 
An exporter in a developing country sells under CIF terms t.pdf
An exporter in a developing country sells under CIF terms t.pdfAn exporter in a developing country sells under CIF terms t.pdf
An exporter in a developing country sells under CIF terms t.pdfadityae10
 
An Excel file containing quarterly cash flows for Verizon is.pdf
An Excel file containing quarterly cash flows for Verizon is.pdfAn Excel file containing quarterly cash flows for Verizon is.pdf
An Excel file containing quarterly cash flows for Verizon is.pdfadityae10
 
An extensive game has two players 1 and 2 At the start of .pdf
An extensive game has two players 1 and 2 At the start of .pdfAn extensive game has two players 1 and 2 At the start of .pdf
An extensive game has two players 1 and 2 At the start of .pdfadityae10
 
An example of an II application control ITAC that is confi.pdf
An example of an II application control ITAC that is confi.pdfAn example of an II application control ITAC that is confi.pdf
An example of an II application control ITAC that is confi.pdfadityae10
 
An Euler tour cycle of a strongly connected graph .pdf
An Euler tour cycle of a strongly connected graph .pdfAn Euler tour cycle of a strongly connected graph .pdf
An Euler tour cycle of a strongly connected graph .pdfadityae10
 
An environmental project requires an initial investment of .pdf
An environmental project requires an initial investment of .pdfAn environmental project requires an initial investment of .pdf
An environmental project requires an initial investment of .pdfadityae10
 
An employer agrees to pay 14900 for medical insurance and .pdf
An employer agrees to pay 14900 for medical insurance and .pdfAn employer agrees to pay 14900 for medical insurance and .pdf
An employer agrees to pay 14900 for medical insurance and .pdfadityae10
 
An environmental project requires investments of 100000 in.pdf
An environmental project requires investments of 100000 in.pdfAn environmental project requires investments of 100000 in.pdf
An environmental project requires investments of 100000 in.pdfadityae10
 
An elementary school is assessing how many activities in whi.pdf
An elementary school is assessing how many activities in whi.pdfAn elementary school is assessing how many activities in whi.pdf
An elementary school is assessing how many activities in whi.pdfadityae10
 
An antibiotic interferes with the ability of the ribosome to.pdf
An antibiotic interferes with the ability of the ribosome to.pdfAn antibiotic interferes with the ability of the ribosome to.pdf
An antibiotic interferes with the ability of the ribosome to.pdfadityae10
 
An Airbnb home has installed a combination lock with pushbut.pdf
An Airbnb home has installed a combination lock with pushbut.pdfAn Airbnb home has installed a combination lock with pushbut.pdf
An Airbnb home has installed a combination lock with pushbut.pdfadityae10
 
An economy has a consumption function of C12+07Y investme.pdf
An economy has a consumption function of C12+07Y investme.pdfAn economy has a consumption function of C12+07Y investme.pdf
An economy has a consumption function of C12+07Y investme.pdfadityae10
 
An earthquake along the Cascadia Subduction zone Mw91 st.pdf
An earthquake along the Cascadia Subduction zone Mw91 st.pdfAn earthquake along the Cascadia Subduction zone Mw91 st.pdf
An earthquake along the Cascadia Subduction zone Mw91 st.pdfadityae10
 

More from adityae10 (20)

An auditing client applied for a bank loan from First Bank .pdf
An auditing client applied for a bank loan from First Bank .pdfAn auditing client applied for a bank loan from First Bank .pdf
An auditing client applied for a bank loan from First Bank .pdf
 
An integral protein in the membrane would have amino acid R .pdf
An integral protein in the membrane would have amino acid R .pdfAn integral protein in the membrane would have amino acid R .pdf
An integral protein in the membrane would have amino acid R .pdf
 
An inorder traversal for a subtree rooted at node p Perform.pdf
An inorder traversal for a subtree rooted at node p Perform.pdfAn inorder traversal for a subtree rooted at node p Perform.pdf
An inorder traversal for a subtree rooted at node p Perform.pdf
 
An important aspect of any research study is data collection.pdf
An important aspect of any research study is data collection.pdfAn important aspect of any research study is data collection.pdf
An important aspect of any research study is data collection.pdf
 
An inclass test of the opponent process theory of color vis.pdf
An inclass test of the opponent process theory of color vis.pdfAn inclass test of the opponent process theory of color vis.pdf
An inclass test of the opponent process theory of color vis.pdf
 
An event A has probability 02 An event B has probability .pdf
An event A has probability 02 An event B has probability .pdfAn event A has probability 02 An event B has probability .pdf
An event A has probability 02 An event B has probability .pdf
 
An imaging department receives paper documents they scan and.pdf
An imaging department receives paper documents they scan and.pdfAn imaging department receives paper documents they scan and.pdf
An imaging department receives paper documents they scan and.pdf
 
An exporter in a developing country sells under CIF terms t.pdf
An exporter in a developing country sells under CIF terms t.pdfAn exporter in a developing country sells under CIF terms t.pdf
An exporter in a developing country sells under CIF terms t.pdf
 
An Excel file containing quarterly cash flows for Verizon is.pdf
An Excel file containing quarterly cash flows for Verizon is.pdfAn Excel file containing quarterly cash flows for Verizon is.pdf
An Excel file containing quarterly cash flows for Verizon is.pdf
 
An extensive game has two players 1 and 2 At the start of .pdf
An extensive game has two players 1 and 2 At the start of .pdfAn extensive game has two players 1 and 2 At the start of .pdf
An extensive game has two players 1 and 2 At the start of .pdf
 
An example of an II application control ITAC that is confi.pdf
An example of an II application control ITAC that is confi.pdfAn example of an II application control ITAC that is confi.pdf
An example of an II application control ITAC that is confi.pdf
 
An Euler tour cycle of a strongly connected graph .pdf
An Euler tour cycle of a strongly connected graph .pdfAn Euler tour cycle of a strongly connected graph .pdf
An Euler tour cycle of a strongly connected graph .pdf
 
An environmental project requires an initial investment of .pdf
An environmental project requires an initial investment of .pdfAn environmental project requires an initial investment of .pdf
An environmental project requires an initial investment of .pdf
 
An employer agrees to pay 14900 for medical insurance and .pdf
An employer agrees to pay 14900 for medical insurance and .pdfAn employer agrees to pay 14900 for medical insurance and .pdf
An employer agrees to pay 14900 for medical insurance and .pdf
 
An environmental project requires investments of 100000 in.pdf
An environmental project requires investments of 100000 in.pdfAn environmental project requires investments of 100000 in.pdf
An environmental project requires investments of 100000 in.pdf
 
An elementary school is assessing how many activities in whi.pdf
An elementary school is assessing how many activities in whi.pdfAn elementary school is assessing how many activities in whi.pdf
An elementary school is assessing how many activities in whi.pdf
 
An antibiotic interferes with the ability of the ribosome to.pdf
An antibiotic interferes with the ability of the ribosome to.pdfAn antibiotic interferes with the ability of the ribosome to.pdf
An antibiotic interferes with the ability of the ribosome to.pdf
 
An Airbnb home has installed a combination lock with pushbut.pdf
An Airbnb home has installed a combination lock with pushbut.pdfAn Airbnb home has installed a combination lock with pushbut.pdf
An Airbnb home has installed a combination lock with pushbut.pdf
 
An economy has a consumption function of C12+07Y investme.pdf
An economy has a consumption function of C12+07Y investme.pdfAn economy has a consumption function of C12+07Y investme.pdf
An economy has a consumption function of C12+07Y investme.pdf
 
An earthquake along the Cascadia Subduction zone Mw91 st.pdf
An earthquake along the Cascadia Subduction zone Mw91 st.pdfAn earthquake along the Cascadia Subduction zone Mw91 st.pdf
An earthquake along the Cascadia Subduction zone Mw91 st.pdf
 

Recently uploaded

MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupJonathanParaisoCruz
 
EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxEPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxRaymartEstabillo3
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxJiesonDelaCerna
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfadityarao40181
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsanshu789521
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)eniolaolutunde
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaVirag Sontakke
 
Pharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfPharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfMahmoud M. Sallam
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,Virag Sontakke
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...jaredbarbolino94
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdfssuser54595a
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxVS Mahajan Coaching Centre
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatYousafMalik24
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...M56BOOKSTORE PRODUCT/SERVICE
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxNirmalaLoungPoorunde1
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon AUnboundStockton
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementmkooblal
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentInMediaRes1
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfSumit Tiwari
 

Recently uploaded (20)

MARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized GroupMARGINALIZATION (Different learners in Marginalized Group
MARGINALIZATION (Different learners in Marginalized Group
 
EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptxEPANDING THE CONTENT OF AN OUTLINE using notes.pptx
EPANDING THE CONTENT OF AN OUTLINE using notes.pptx
 
CELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptxCELL CYCLE Division Science 8 quarter IV.pptx
CELL CYCLE Division Science 8 quarter IV.pptx
 
Biting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdfBiting mechanism of poisonous snakes.pdf
Biting mechanism of poisonous snakes.pdf
 
Presiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha electionsPresiding Officer Training module 2024 lok sabha elections
Presiding Officer Training module 2024 lok sabha elections
 
Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)Software Engineering Methodologies (overview)
Software Engineering Methodologies (overview)
 
Painted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of IndiaPainted Grey Ware.pptx, PGW Culture of India
Painted Grey Ware.pptx, PGW Culture of India
 
Pharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdfPharmacognosy Flower 3. Compositae 2023.pdf
Pharmacognosy Flower 3. Compositae 2023.pdf
 
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,भारत-रोम व्यापार.pptx, Indo-Roman Trade,
भारत-रोम व्यापार.pptx, Indo-Roman Trade,
 
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
Model Call Girl in Tilak Nagar Delhi reach out to us at 🔝9953056974🔝
 
Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...Historical philosophical, theoretical, and legal foundations of special and i...
Historical philosophical, theoretical, and legal foundations of special and i...
 
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
18-04-UA_REPORT_MEDIALITERAСY_INDEX-DM_23-1-final-eng.pdf
 
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptxOrganic Name Reactions for the students and aspirants of Chemistry12th.pptx
Organic Name Reactions for the students and aspirants of Chemistry12th.pptx
 
Earth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice greatEarth Day Presentation wow hello nice great
Earth Day Presentation wow hello nice great
 
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
KSHARA STURA .pptx---KSHARA KARMA THERAPY (CAUSTIC THERAPY)————IMP.OF KSHARA ...
 
Employee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptxEmployee wellbeing at the workplace.pptx
Employee wellbeing at the workplace.pptx
 
Crayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon ACrayon Activity Handout For the Crayon A
Crayon Activity Handout For the Crayon A
 
Hierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of managementHierarchy of management that covers different levels of management
Hierarchy of management that covers different levels of management
 
Alper Gobel In Media Res Media Component
Alper Gobel In Media Res Media ComponentAlper Gobel In Media Res Media Component
Alper Gobel In Media Res Media Component
 
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdfEnzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
Enzyme, Pharmaceutical Aids, Miscellaneous Last Part of Chapter no 5th.pdf
 

An individual has a vNM utility function over money of ux.pdf

  • 1. An individual has a vNM utility function over money of u(x)=x, where x is final wealth. Assume the individual currently has $16. He is offered a lottery with three possible outcomes; he could gain an extra $9, lose $7, or not lose or gain anything. There is a 15% probability that he will win the extra $9. What probability, p, of losing $7 would make the individual indifferent between to play and to not play the lottery? (Make sure to answer in the form, 0.x, i.e. 0.25 )