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What is a fair game
Explain how the term relates to a risk-averse investor's attitude toward speculation and risk and how the utility function reflects this attitude.
Global Village
A term that describes the world as being interconnected through technology, making distances shorter and communication instant.
Coined
The creation of a new word, phrase, or concept, or giving a new meaning to an existing word or phrase.
Technological Revolution
A significant period of technological change and innovation that transforms industries, societies, and economies.
Mass Media
Encompasses various forms of communication, such as television, radio, newspapers, and the internet, that reach a large audience simultaneously.
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