Write down the equation of a utility function


Problem

a) Write down the equation of a utility function that corresponds to a risk-neutral decision maker. (Note: there are many possible answers to this part and the next two parts.)

b) Write down the equation of a utility function that corresponds to a risk-averse decision maker.

c) Write down the equation of a utility function that corresponds to a risk-loving decision maker.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Write down the equation of a utility function
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