请教高手一个题目

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<p>Question 1: If you were offered a once-in-a-lifetime opportunity to win x euros or to lose x/2 euros with equal<br/>chances, for what value of x would you hesitate between taking the gamble and letting the opportunity go by?</p><p>Suppose that after much soul-searching the subject feels that her indifference point is at around x<br/>=

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关键词：请教高手 Indifference Opportunity difference searching between offered around gamble taking

It doesn't matter which value you assign to the utility, see ''without loss of generality''.

Utility theory tells us that cardinal utility and ordinal utility are equivalent.

The doubt here is x is what the subject feels, how come this is a question to ask?.Is this question complete or it is asking for building a utility curve?

题目里面告诉你了啊，assign a utility of 0 to a zero gain and a utility of 1 to
a gain of €500,000，所有U(500，000）=1

关于risk aversion的，我建议可以看《Advanced Microeconomics Theory> 作者是：Geoffrey Jehle;Philip Reny 或者<Microeconomics: principles and analysis> 这是我们学校的教授写的，Frank Cowell，这个论坛都有得下。

谢谢各位

以下是引用bingyue111在2008-12-21 7:52:00的发言：
题目里面告诉你了啊，assign a utility of 0 to a zero gain and a utility of 1 to
a gain of