David, following your further comments on my second graphs, I have now produced two corrected ones (based on the answers I would have given if I had read the questions properly), as shown above.
The previous Certainty Equivalence graph had that odd kink in it because I did not enter the monetary values in order. The previous Probability Equivalence graph only had 4 points because there were two values for 500 at .65 (due to reading the question incorrectly).
No comments:
Post a Comment