Question: (a) Define a decision-maker who is a risk averter (i.e. exhibits risk aversion) of a lottery F(.). (b) Define the certainty equivalent of a lottery

(a) Define a decision-maker who is a risk averter (i.e. exhibits risk aversion) of a lottery F(.). (b) Define the certainty equivalent of a lottery F(.). (c) Define for any two distributions F(.) and ...

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