"> (Answered) % all the material after % is just a explaination W = 100000; % wealth balance of the player P = 1:40; % subjective price of the game... - Tutorials Prime

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(Answered) % all the material after % is just a explaination W = 100000; % wealth balance of the player P = 1:40; % subjective price of the game...


% all the material after % is just a explaination W = 100000; % wealth balance of the player P = 1:40; % subjective price of the game...


% all the material after % is just a explainationW = 100000; % wealth balance of the playerP = 1:0.01:40; % subjective price of the game UD=zeros(size(P)); % utility Differencefor i=1:length(P) % over all bank balancesp = P(i); % wealth balance u = 0; % initialise utilityfor j = 1:1000 % over # of heads (1000 = overkill) u = u + ( log(W - p + 2^j) / 2^j ); end UD(i)=u-log(W); endplot(P,UD)hline=refline(0,0);set(hline,'LineStyle',':') ;question is" Our first assignment is to try to make a program that is given a price (say p=6) and draw a graph of relationship between Utility difference (y-axis) and initial wealth(x-axis)." use Matlab.

 


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Jan 02, 2020

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