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Consider the two states of nature model developed in your slides (sli.pdf

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Consider the two states of nature model developed in your slides (slide number 45 onwards). Suppose the agent's utility function is c and 1=1/3 and 2=2/3. The slope of any indifference curve passing through the certainty line is \begin{tabular}{c} 21 \\ 21 \\ \hline 2 \\ \hline-2 \end{tabular}.

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Consider the two states of nature model developed in your slides (slide number 45 onwards). Suppose the agent's utility function is c and 1=1/3 and 2=2/3. The slope of any indifference curve passing through the certainty line is begin{tabular}{c} 21 21 hline 2 hline-2 end{tabular}

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Consider the two states of nature model developed in your slides (sli.pdf

  • 1. Consider the two states of nature model developed in your slides (slide number 45 onwards). Suppose the agent's utility function is c and 1=1/3 and 2=2/3. The slope of any indifference curve passing through the certainty line is begin{tabular}{c} 21 21 hline 2 hline-2 end{tabular}