4. Consider the same setting as in question 2 (without the functional form assumptions for
the vNM utility) and describe at least ONE way to measure how much worse a risk-averse
agent is if the original price of insurance $p_0 = \alpha$ is raised to $p_1 > \alpha$. You can assume that
you know the agent's vNM utility if you need to. Hint: In class, we provided at least 3
ways of measuring welfare for an agent after a price change without risk. Think carefully
how to adapt at least one of them.