Evaluation of each combination of rewards following the Expected Utility Theory (δ is the risk aversion parameter), with δ = 1 (neutrality to risk).
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From combination # 0 to # 7, the expected utility is superior to the certain amount, and children should exchange. For combination # 8, the expected utility is equal to the certain amount. For combinations # 9 and # 10, the expected utility is inferior to the certain amount, thus children should not exchange.
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2015-12-02



