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on 22 According to Dembo and Freeman (1998), Lambda can be viewed as a margin or insurance premium to? t ed e out of a.

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on 22 According to Dembo and Freeman (1998), Lambda can be viewed as a margin or insurance premium to? t ed e out of a. Guarantee the expected upside reward. b. Reflect risk attitude and expected reward. c. Mitigate the risk if the upside fails to materialise. d. Mitigate the downside risk. e. Self-insure against the risk. on

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