Business
Business, 17.06.2020 16:57, tylalowther1114

Your current disposable income is $10,000. There is a 10% chance you will get in a serious car accident, incurring damage of $3,600. (There is a 90% chance that nothing will happen.) Your utility function is , where I is income. What is the most you would be willing to pay for this policy (rather than no insurance) to get rid of the risk

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