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Figure: Risk Aversion
-(Figure: Risk Aversion) Use Figure: Risk Aversion.Bob and Nancy have the same income and total utility.Nancy will be willing to pay a _____ insurance premium than is Bob because she is _____ risk-averse.
Grouping Benefit
Advantages derived from an organism's affiliation or association with a group, such as increased protection or enhanced foraging efficiency.
Altruistic Allele
Refers to genes that promote behavior benefiting other individuals at the cost to the individual carrying the gene.
Hamilton's Rule
A principle in evolutionary biology that predicts when natural selection favors the spread of a gene for altruistic behavior, based on relatedness and the cost and benefit of the behavior.
Offspring
The product of reproduction, a new organism produced by one or more parents.
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