Multiple Choice
A fair coin is flipped.If it lands heads the person receives $1.00.If it lands tails,the person receives $11.00.If the person is not willing to pay $6.00 to take this gamble,they must be
A) risk-neutral.
B) risk-averse.
C) risk-preferring.
D) either risk-neutral or risk-preferring (i.e.not risk averse)
Correct Answer:
Verified
Correct Answer:
Verified
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