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The former reflects the investor's risk attitude toward wealth, while the latter pertains to their risk attitude toward price uncertainty.\\N\\NIn Section 2, the author introduces a mean-variance quadratic utility framework that incorporates the volatility-dependent risk aversion rate and updates the underlying wealth process to account for fast-scale stochastic volatility. This is followed by an exploration of the extended Hamilton-Jacobi-Bellman (HJB) equation within a specific model framework. 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