Beth is an expected utility maximizing risk-averse individual with the utility function u(w) = w 0.5 and initial wealth of $100. There is a lottery…
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Find the measure for absolute risk-aversion for all four utility functions listed below. Do the same for the measure for relative risk-aversion.

(a) u(w) = 10w + 3

(b) u(w) = w3 + 3w

(c) u(w) = e4w

(d) u(w) = 1- e-w

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