Answer
$y=1$
Work Step by Step
$\dfrac{1}{2}y^{2}=y-\dfrac{1}{2}$
Multiply the whole equation by $2$ to avoid working with fractions:
$2\Big(\dfrac{1}{2}y^{2}=y-\dfrac{1}{2}\Big)$
$y^{2}=2y-1$
Take all terms to the left side of the equation:
$y^{2}-2y+1=0$
Use the quadratic formula to solve this equation. The formula is $y=\dfrac{-b\pm\sqrt{b^{2}-4ac}}{2a}$. Here, $a=1$, $b=-2$ and $c=1$.
Substitute:
$y=\dfrac{-(-2)\pm\sqrt{(-2)^{2}-4(1)(1)}}{2(1)}=\dfrac{2\pm\sqrt{4-4}}{2}=...$
$...=\dfrac{2\pm\sqrt{0}}{2}=1$