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- What is the risk premium(s)?Risk can be defined as the effects of uncertainty on objectives and often manifests itself in risk to property and ownership, operations and ….. of funds. A) flow B) outflowYou live in an area that has a possibility of incurring a massive earthquake, so you are considering buyingearthquake insurance on your home at an annual cost of $180. The probability of an earthquake damagingyour home during one year is 0.001. If this happens, you estimate that the cost of the damage (fully coveredby earthquake insurance) will be $160,000. Your total assets (including your home) are worth $250,000.
- Explain the relationship between U" >0 and risk aversion.Define the term Aggregating Risk over time?Hello can any one help with this Economics question: A contractor spends Dollar 3,000 to prepare for a bid on a construction project which, after deducting manufacturing expenses and the cost of bidding, will yield a profit of dollar 25,000 if the bid is won. If the chance of winning the bid is ten per cent, compute his expected profit and state the likely decision on whether to bid or not to bid?
- What is the Risk-Adjusted Discount Rate Approach?Suppose that the probability of low demand is 0.75. (a) What is the maximum Expected Monetary Value (EMV)? (show calculation steps) (b) What is the Expected Value of Perfect Information (EVPI)? Hint: EVPI=EVwPI-maximum EMV.Evaluate the relationship between risk probability, risk impact and risk exposure.