The expected utility model can accommodate

$($A$)$ risk aversion; $($B$)$ non$-$monetary payoffs; $($C$)$ buying health insurance; $($D$)$ all

of the above.

$11.$ Which of the following violate$($s$)$ expected utility maximization?

$($A$)$ intransitivity; $($B$)$ framing; $($C$)$ Allais Paradox; $($D$)$ all of the above.