Suppose a person has a risk averse utility function of U(W)= √(Wealth).Also, suppose her initial wealth is $2,500.She can choose to play a game with a 50% chance of winning $1,100 and a 50% chance of losing $900.Would she choose to play the game ?
A)yes
B)no
C)she will be indifferent between playing and not playing

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The Answer of Suppose a person has a risk averse utility function of U(W)= √(Wealth).Also, suppose her initial wealth is $2,500.She can choose to play a game with a 50% chance of winning $1,100 and a 50% chance of losing $900.Would she choose to play the game ?
A)yes
B)no
C)she will be indifferent between playing and not playing

Suppose a Person Has a Risk Averse Utility Function of U(W)=