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Suppose We Can Represent Brandon's Preferences for Water with an Expected

Question 18

Multiple Choice

Suppose we can represent Brandon's preferences for water with an expected utility function, Suppose we can represent Brandon's preferences for water with an expected utility function, ,where W<sub>D</sub> represents a quantity of water during a drought and W<sub>R</sub> represents a quantity of water in a rainy season.Brandon is A) Risk averse B) Risk neutral C) Risk loving D) None of the above ,where WD represents a quantity of water during a drought and WR represents a quantity of water in a rainy season.Brandon is


A) Risk averse
B) Risk neutral
C) Risk loving
D) None of the above

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