-Refer to Figure G

question 46

Multiple Choice

-Refer to Figure g.Lily's benefit function (dashed) is more concave than Millie's benefit function (dotted) .Lily

• A) Is more risk averse than Millie
• B) Is less risk averse than Millie
• C) Has a smaller risk premium than Millie
• D) Has a larger certainty equivalent than Millie

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Definitions:

Thrown-Ness

A concept in existentialism describing the seemingly arbitrary conditions into which people are born and the necessity of making meaning within them.

Bad Faith

A concept in existentialist philosophy where an individual deceives themselves to avoid facing unpleasant truths or accepting responsibility.

Authentic Existence

Living in a manner that is true to one's self, values, and beliefs, rather than conforming to external pressures or societal expectations.

Bad Faith

Refers to the philosophical concept in existentialism emphasizing self-deception and the denial of one's freedom and responsibility.