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1. Sam's utility function...
2. Use standard economic reasoning...
3. How does a class action differ...
4. Suppose a potential injurer...
5. Suppose that when injurers are sued...
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... In expected utility theory, the utility of an outcome is a ... an S-shaped curve giving the utility of each ... in outsize positive or negative utilities, and larger ...

Expected Utility, Relative Risk Aversion. An expected utility maximizing individual has utility of eno-of-period wealth given by. ...Expected utility with insurance ...

... (a) Your utility for receiving M thousands dollar is given by the utility function u(M) = SQRT(M+6). Which choice should you make to maximize expected utility? ...

... this function also has the expected utility property (that the expected utility of a lottery is the sum of the expected utilities of its prizes weighted by ...

... For the past several decades, decision makers relied heavily on the expected utility of a project or investment to aid them in decision making. ...

...utility for money function is U = 100M - M2 I do not understand if I should be using the formula: Expected value of money = E(M) Expected utility = E(U) And I ...