Mary is a fervent Iowa State University Cyclone Basketball fan. She derives utility as a function of the ISU team winning the Big XII championship and from income according to the function 
and w is her level of wealth. Mary believes the probability of a Cyclone championship is 1/4. Mary has been offered the following "insurance policy." The insurance policy costs $16. If the Cyclones win the championship, she pays only the policy cost of $16. If the Cyclones lose, she will receive $21.50 (so that after taking into account the policy cost of $16, her net return is $5.50). Will Mary's expected utility increase if she purchases the policy?
Definitions:
Servant Leadership
A leadership philosophy which emphasizes the leaders' primary role as serving the needs of others, aiming to empower and uplift those who are being led.
Mature Partnership Phase
A stage in the development of partnerships or relationships characterized by stability, high levels of trust, and mutual benefits.
High Quality
Pertains to products, services, or processes that meet or exceed established standards of excellence.
Exchanges
Interactions or transactions between parties, involving the giving and receiving of goods, services, or ideas.
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