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7. The vNM utility is as in the previous question. For the strictly risk averse consumer to strictly prefer more money to less, a. 0:0
7. The vNM utility is as in the previous question. For the strictly risk averse consumer to strictly prefer more money to less, a. 0:0 and b>0. b. b>0. c. b>0 and 020. d. Impossible unless only sufciently small amounts of money are involved in the lot teries. e. None of the above
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