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2. Using the expected utility theory, show that a risk-adverser will reject a fair game. (Hint: Taylor Series expansion may be useful.] 2. Using the
2. Using the expected utility theory, show that a risk-adverser will reject a fair game. (Hint: Taylor Series expansion may be useful.] 2. Using the expected utility theory, show that a risk-adverser will reject a fair game. (Hint: Taylor Series expansion may be useful.]
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