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What value of 6 maximizes Tommy’s expected utility?-If Tommy puts proportion 0 into the savings account, what is his expected utility?
What value of 6 maximizes Tommy’s expected utility?-If Tommy puts proportion 0 into the savings account, what is his expected utility?
Posted by:Shadrack
Posted on:Dec 14,2022
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ASSIGNMENT i) Tommy iv vNM utility over final wealth u(x) = in(x). lie has $100 and is decidutg how much to put into a savings account and how
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