Fight Finance

Courses  Tags  Random  All  Recent  Scores

Scores
keithphw$5,911.61
cuiting$1,089.70
Visitor$1,088.61
Skywalke...$1,070.00
Carolll$893.33
Visitor$854.70
Visitor$840.00
trungbin$803.09
Jade$785.80
alison$771.70
Visitor$760.00
zy$679.70
ninalee$669.70
Emma Lu$650.00
Visitor$650.00
Visitor$637.00
Nisrita$620.33
Visitor$603.33
Visitor$600.00
Visitor$594.05
 

Question 699  utility, risk aversion, utility function, gamble

Mr Blue, Miss Red and Mrs Green are people with different utility functions.

Each person has $50 of initial wealth. A coin toss game is offered to each person at a casino where the player can win or lose $50. Each player can flip a coin and if they flip heads, they receive $50. If they flip tails then they will lose $50. Which of the following statements is NOT correct?

Utility curves




Copyright © 2014 Keith Woodward