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You own a €100 bike If you park it outside at school there is a 25% chance that it will be stolen You utility function

You own a €100 bike. If you park it outside at school there is a 25% chance that it will be stolen. You utility function is U = money. What is the maximum you will pay the campus security for the safekeeping service now?  

41.Your utility function for money is U = log(money). Are you a risk lover, risk neutral or risk averse?  

42.You own a €100 bike. If you park it outside at school there is a 25% chance that it will be stolen. You utility function is U = log(money). You also have €100 in cash. What is the maximum you will pay for the bike check-in now?  

Feb 11 2020 View more View Less

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