What kind of utility function would you use to characterize


Problem

A person who is neither risk-averse nor risk-loving (indifferent toward a fair game) is said to be "risk-neutral."

1. What kind of utility function would you use to characterize such a person?

2. Using the die-throwing game detailed in the text, describe the relationship between U($15) and EU for the risk-neutral person.

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Microeconomics: What kind of utility function would you use to characterize
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