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Old 11-16-2005, 09:12 PM
punter11235 punter11235 is offline
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Join Date: Mar 2005
Location: Poland
Posts: 198
Default Re: Health Insurance EV question

Thank you for that link
My concern is that utility function must have upper bound to be reliable, here is why.
I may be way off here but I suspect that some kind of logarithm function is often chosen becaue logarithm is first function which come to mind when you seek for function increasing slower and slower.

Best wishes
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