Your great-uncle bequeaths you his 1957 Gibson Les Paul guitar, valued at $20,000. You decide not to insure it, which means your expected utility from the guitar is: Question 6 options: the same as your utility would have been with an actuarially fair policy, and your risk of lost utility from theft or loss is greater. higher than your utility would have been with an actuarially fair policy, and your risk from theft or loss is also higher. less than your utility would have been with an actuarially fair policy, and your risk from theft or loss is greater. the same as your utility would have been with an actuarially fair policy, and your risk from theft or loss is also the same