There are 3 possible outcomes in a decision problem. The payoff is either a gain of 4851$, a gain of 286$ or a loss of 221$. To the decision maker, the utility of the gain of 4851$ is 803. The utility of the loss of 221$ is 255. The decision maker is indifferent between - Taking a lottery that yields a gain of 4851$ with a probability of 0.27 and a loss of 221$ in the rest of the cases. - Getting a fixed amount of 286$. How much is the utility of 286$ for the decision maker?

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