What is my expected benefit?, Microeconomics

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I am risk averse, and trying to maximize my expected value of c0, 5, where c is my fortune.
I have 50.000 in cash, and also art with a value of 200.000 which I keep in my
basement. I live in an area that may experience basement flooded during heavy
rains. If my basement is flooded, my art only 40.000 worth.
The probability of a flooded basement is 1 per cent.

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