An Agent Is Said to Be Risk Averse Only If

Multiple Choice

An agent is said to be risk averse only if he assesses:

A) an outcome's certainty equivalent to be greater than its expected value.
B) the expected value of an outcome to be negative.
C) an outcome's expected value to be equal to its certainty equivalent.
D) an outcome's certainty equivalent to be less than its expected value.
E) an outcome's certainty equivalent to be negative