1
Sally is an expected utility maximizer with utility function
pu(c1)+(1-p)u(c2),where for any x<7,000,u(x)=2x,and for x greater than or
equal to 7,000 u(X)=14,000+x.
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1
Sally is an expected utility maximizer with utility function
pu(c1)+(1-p)u(c2),where for any x<7,000,u(x)=2x,and for x greater than or
equal to 7,000 u(X)=14,000+x.
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