V (P) = log (2) (5) + + log (4) 2, + log (8) = log (4) + ...

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 44E
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How does adding these logs infinitely add up to log(4)? How would I know this? Thanks!

What is the EU of P if the vNM utility is log?
V (P) = log (2) () + log (4) (4) + log (9) (G)-
+ log (4) () + log (8) ()
= log (4)
%3D
..
Transcribed Image Text:What is the EU of P if the vNM utility is log? V (P) = log (2) () + log (4) (4) + log (9) (G)- + log (4) () + log (8) () = log (4) %3D ..
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