Widget 15.3 Compute Your $l \mu $l for Gain and Loss

Widget: Compute the Values of your Utility Parameters

To compute the value of your utility parameter $l \mu $l for gain, indicate your willingness to pay for a 50 percent chance of a $100 gain. To compute the value of your utility parameter $l \mu $l for loss, indicate your willingness to pay to avoid a 50 percent chance of a $100 loss.

WTP for gain =

WTP to avoid loss =

µ for Gain =

µ for Gain =

µ for Loss =

µ for Loss =

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