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.
µ for Gain =
µ for Gain =
µ for Loss =
µ for Loss =