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    Risk Management
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    Exam 3: Risk Attitudes: Expected Utility Theory and Demand for Hedging
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    If Utility Theory Is Designed to Measure Satisfaction, and Since
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If Utility Theory Is Designed to Measure Satisfaction, and Since

Question 63

Question 63

True/False

If utility theory is designed to measure satisfaction, and since every individual always tries to maximize satisfaction, it's reasonable to expect that each person tries to maximize his or her own utility.

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