1)What if you could get a private benefit but to get that private benefit would conflict with a public benefit? Would you choose the benefit to you (private) or the public benefit? Explain in a couple of sentences.

2) Risk-averse will stay with lower-risk. Explain why or give an example from real life.

3) Higher leverage means less of your money at risk, so your potential loss is lower.Higher leverage means people are willing to play the riskier options. Explain why or give an example from real life.