When calculating EU using the x(squared) way, what must you first do?
Square the values used in the calculation
When calculating EU using the square root of x, what must we first do?
Square root the values in the EU formula
Using the square root of x is a risk… method
Risk adverse
Using the x2 method is risk…
A risk taker
X2 and square root of X are only useful if the values aren’t…
Negative