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Define notion of a von neumann-morgenstern utility function

Problem 1: Explain what it means that a consumer has preferences over lotteries (in particular, define lotteries).

Problem 2: Explain what it means that the preference relation has a utility function representation, and define the notion of a von Neumann-Morgenstern utility function.

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Microeconomics: Define notion of a von neumann-morgenstern utility function

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