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1. Differentiate the following terms/concepts: a. Certainty equivalent and a gamble b. Loss aversion and myopic loss aversion c. Speculative price bubble and ex post

1. Differentiate the following terms/concepts:

a. Certainty equivalent and a gamble b. Loss aversion and myopic loss aversion

c. Speculative price bubble and ex post rational stock price

d. Greater fool theory and speculation

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