Any Risk-Averse Individual Would Always

Multiple Choice

Any risk-averse individual would always:

A) take a 10% chance at $100 rather than a sure $10.
B) take a 50% chance at $4 and a 50% chance at $1 rather than a sure $1.
C) take a sure $10 rather than a 10% chance at $100.
D) take a sure $1 rather than a 50% chance at $4 and a 50% chance at losing $1.
E) do C or D above.