Shop

Calculation of Insurance Amount

eBook (PDF), 5 Pages
This item has not been rated yet
Price: $5.99
Suppose a risk-averse consumer has an initial wealth of $5,000 and a utility function . He faces an 80 percent chance of losing $4000, and a 20 percent chance of losing $0. What is the most a consumer would pay for insurance against these losses? Draw a diagram to illustrate this amount.
Available in PDF Format

Ratings & Reviews

Log in to review this item
There are no reviews for the current version of this product
Refreshing...
There are no reviews for previous versions of this product
Refreshing...

Product Details

Published
June 13, 2013
Language
English
Pages
5
File Format
PDF
File Size
475.79 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
Report This Content to Lulu >

Moderation of Questionable Content

Thank you for your interest in helping us moderate questionable content on Lulu. If you need assistance with an order or the publishing process, please contact our support team directly.

How does this content violate the Lulu Membership Agreement?

Keywords

Listed In

More From Homework Help Classof1