Question: Please help me answer this question, thx Question 9 (8 points) A person has a utility function is given by U = (x)1/4 We know

Please help me answer this question, thx Question 9 (8 points)

Please help me answer this question, thx

Question 9 (8 points) A person has a utility function is given by U = (x)1/4 We know this person is a risk lover and will never buy insurance risk averse and will prefer risk pooling over non-pooled risks a risk lover and may be willing to sell insurance risk averse and will over insure at the fair premium risk neutral and will be willing to take fair bets

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