It's the other way around, "any risk is bad" and "marginal utility is decreasing" are conclusions that you reach from your own function, not that drive your fun

It's the other way around, "any risk is bad" and "marginal utility is decreasing" are conclusions that you reach from your own function, not that drive your function. * Would you give $1 for a 1% chance of winning $100? * Would you give $1 for a 1.1% chance of winning $100? * Would you give $1 for a 1.2% chance of winning $100? . . . * Would you give $1 for a 10% chance of winning $100?