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    Exam 3: Risk Attitudes: Expected Utility Theory and Demand for Hedging
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    Neumann and Oskar Morgenstern (1944) Advocated an Approach That Leads
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Neumann and Oskar Morgenstern (1944) Advocated an Approach That Leads

Question 53

Question 53

Short Answer

Neumann and Oskar Morgenstern (1944) advocated an approach that leads to a formal mathematical representation of maximization of _____.

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