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If Sherry's Preferences Are Given By U(x)=xU(x)=\sqrt{x} What Is Her Certainty Equivalent of Taking a Gamble That

Question 28

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If Sherry's preferences are given by U(x)=xU(x)=\sqrt{x} what is her certainty equivalent of taking a gamble that consists of $100\$ 100 with a 25%25 \% chance and $25\$ 25 with a 75%75 \% chance?

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