a

0.000166667
-6.94444E-09
1

0
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
11000
12000
13000
14000
15000
16000

0.9

0
0.159722222
0.305555556
0.4375
0.555555556
0.659722222
0.75
0.826388889
0.888888889
0.9375
0.972222222
0.993055556
1
0.993055556
0.972222222
0.9375
0.888888889

Gamble

0.5
0.5

Current Wealth

0.8
0.7
0.6
0.5
0.4
0.3
0.2
0.1
0
0

1000
0
1000

Considered Gamble
0.5
0.5
EU

2000
1000
0.23263889

Certainty Equivalent (Wealth) 1488.10198

Certainty Equivalent (Gamble) 488.101979
Expected Value Gamble
Risk Premia

500
11.8980208

2000

4000

6000

8000

10000

12000