14.12 Game Theory
14.12 Game Theory Muhamet Yildiz Fall 2012 Homework 1 Due on 9/25/2012 1. Consider a homeowner with Von-Neumann and Morgenstern utility function u, where u (x) = 1 − e−x for wealth level x, measured in million US dollars. His entire wealth is his house. The value of a house is 1 (million US dollars), […]