Assume that a∈[-1,1] and θ∈(0,2). The utility function is given by u(a,θ)=a(θ-1). Which of the following action is never
Posted: Sun Jul 03, 2022 3:43 pm
Assumethat a∈[-1,1] and θ∈(0,2). Theutility function is givenby u(a,θ)=a(θ-1). Which ofthe following action is never optimal ex-post?
a. 0b. All can be optimal ex-postc. 1d. -1
a. 0b. All can be optimal ex-postc. 1d. -1