Suppose that Stimpy's utility function U is given by U = w0.5, where w is wealth measured in thousands of dollars. Stimpy has wealth of $20,000 but faces a probability of getting ill and losing $10,000. He has an 80% probability of being well and a 20% probability of being ill. 
Definitions:
Voidable Title
A legal status indicating that a title to ownership can be rendered void or cancelled due to certain defects or fraud, but remains valid until annulled.
Bad Check
A check that cannot be processed because the account on which it is drawn does not have sufficient funds.
Seller Transfers
The act of a seller handing over the rights, responsibilities, and ownership of products or property to the buyer.
Merchant
An individual or company engaged in the business of selling goods or services in the marketplace.
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