Question: Risk aversion is common to all living organisms. Explain. Since people are generally risk-averse, why are lotteries so popular and why do people generally feel

  1. Risk aversion is common to all living organisms. Explain. Since people are generally risk-averse, why are lotteries so popular and why do people generally feel good about investing say in the stock market and bad about gambling in general
  2. Robinhood, the Menlo Park CA-based financial services company is planning to undertake an unusual step which is, to reserve a chunk of its Initial Public Offerings (IPOs) for its 13 million users. Why is this undertaking unusual?

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