Function for money in the bank

Reference no: EM13968482

Assess your utility function for money in the bank over a range from $100 to $20,000 using the McCord-De Neufville procedure described in this chapter. Plot the results of your assessments on the same graph as the assessments made for Problem. Discuss the differences in your assessments from one method to the other. Can you explain any inconsistencies among them?

Reference no: EM13968482

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