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I prefer to think about the history of the name rather than its (original) meaning - meanings change with time. Catherine etc is an obvious example, but also the attributes people experience. Marilyn has very powerful associations now that it didn't have until Ms Monroe and Mr Manson, for instance.

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That said, I find Livia, wife of Augustus Caesar, fascinating; opinions about whether she was a good role model or not are very divided! Since Olivia is a family name, I'd use it with the possibility of Livia or Liv as nns: anything rather than Ollie.