An individual whose utility function is given by (where W_i is wealth in state i)will: A)never gamble no matter how favorable the odds. B)only gamble if the expected value of the bet is positive. C)gamble if the bet is not too unfair. D)always gamble,no matter how unfavorable the odds.

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The Answer of An individual whose utility function is given by (where W_i is wealth in state i)will: A)never gamble no matter how favorable the odds. B)only gamble if the expected value of the bet is positive. C)gamble if the bet is not too unfair. D)always gamble,no matter how unfavorable the odds.

An Individual Whose Utility Function Is Given by