Which person is more risk averse - which person would pay
Billy Joe has utility of U = log(C), while Bobby Sue has utility of u= √c.
Which person is more risk averse?
Which person would pay the higher insurance premium to smooth consumption?
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billy joe has utility of u logc while bobby sue has utility of u radiccwhich person is more risk aversewhich person
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chimnesia has two equal-sized groups of people smokers and nonsmokers both types of people have utility u lnc where c
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