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Describe Larry,Judy and Carol's Risk Preferences

Question 113

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Describe Larry,Judy and Carol's risk preferences.Their utility as a function of income is given as follows
Larry: UL(I)= 10 Describe Larry,Judy and Carol's risk preferences.Their utility as a function of income is given as follows Larry: U<sub>L</sub>(I)= 10 . Judy: U<sub>J</sub>(I)= 3I<sup>2</sup>. Carol: U<sub>C</sub>(I)= 20I. .
Judy: UJ(I)= 3I2.
Carol: UC(I)= 20I.

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Larry's marginal utility of income is blured image ....

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