Show that an individual has a bernoulli utility function, Accounting Basics

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Show that an individual has a bernoulli utility function

Problem

Show that if an individual has a Bernoulli utility function of the form then her utility from a distribution is determined by the mean and variance of the distribution and by these alone. Note: β < 0 for concavity of you and we limit the distribution to values no greater than-γ/28 as u is decreasing after this?

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Accounting Basics: Show that an individual has a bernoulli utility function

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