14. Suppose a decision maker has a utility function U = √I and is faced with a lottery wherethere is
問題詳情
14. Suppose a decision maker has a utility function U = √I and is faced with a lottery wherethere is a 30% chance of earning $30 and a 70% chance of earning $80. What is the expectedutility of this lottery? (A) 7.6 (B) 7.9 (C) 8.2 (D) 8.5