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Mairoon Mairoon
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6 years ago
The Friedman-Savage utility function can explain why
A) people buy automobile insurance.
B) somebody becomes addicted to gambling.
C) people become more risk averse as their wealth increases.
D) people place small bets to have a chance at winning a large amount.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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6 years ago
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Mairoon Author
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#2
6 years ago
Thanks. This is just start. Wink Face
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