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

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. Think about health care risk management in a health care setting.

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