Use the following to answer questions:
Figure: Risk Aversion 
-(Figure: Risk Aversion) Look at the figure Risk Aversion. Bob and Nancy have the same income and total utility. Nancy will be willing to pay a ____ insurance premium than Bob because she is _____ risk-averse.
Definitions:
Significant Relationship
A connection between two entities that considerably impacts or influences them.
Double Standard
The application of different sets of principles for similar situations, or to different people, in a way that is unfair or unethical.
Deductive Logic
A system of reasoning that moves from theory to the formulation of hypotheses for testing.
Researcher Attempts
Efforts made by researchers to conduct studies, experiments, or observations aimed at generating new knowledge, testing theories, or solving problems.
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