Estimate the Expected Utility of Two Individuals, a and B

Essay

Estimate the expected utility of two individuals, A and B, from the investment that has the following possible outcomes:
$\begin{array} { | c | c | c | c | } \hline \text { PROBABILITY } & \text { OUTCOME } & \text { A's UTILITY } & \text { B's UTILITY } \\\hline 0.3 & \$ 10,000 & 10 & 10 \\\hline 0.4 & \$ 30,000 & 30 & 20 \\\hline 0.3 & \$ 80,000 & 80 & 40 \\\hline\end{array}$