Jimmy will have $85979 in wealth and a utility of 336 when he is healthy and $38400 in wealth and a utility of 206 when he is ill. What is Jimmy’s expected utility if the chance of illness is 0.12?
** Show work please
Jimmy will have $85979 in wealth and a utility of 336 when he is healthy and $38400 in wealth and a utility of 206 when he is ill. What is Jimmy’s
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