Why might it make sense for the same riskaverse person


Problem

Why might it make sense for the same riskaverse person to both eliminate risk by purchasing insurance and take on new risk by investing in the stock market?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why might it make sense for the same riskaverse person
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