Your Health Insurance Company Charges a Premium of $2,000 above the Actuarially Fair Premium Insurance Probability of Staying Healthy Probability of Getting Sick Lost Income if You Get Sick Income if...

Extracted text: Your Health Insurance Company Charges a Premium of $2,000 above the Actuarially Fair Premium Insurance Probability of Staying Healthy Probability of Getting Sick Lost Income if You Get Sick Income if You Income if You Get Sick Income Options Expected Value Stay Healthy No Insurance S100,000 7 in 10 3 in 10 $10,000 Full Insurance S100,000 7 in 10 3 in 10 S10,000 Point A = Your Risk Averseness Up Income $95,500 With No Insurance, what is your income if you get sick (not asking about the expected value)? Utility