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Result of 3rd assigment

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The answer for the anlaysis is expected as :  This seems very strange. One might think that as wealth level increases, a decision maker might change from one gamble to another, but never back to the first. (This is Bell’s one-switch rule.) Only certain utility functions have this property, and the logarithmic utility function is not one of them.

(Valid until Tuesday, October 3, 2017.)
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