Multiple Choice
A die is rolled.If it lands 1 or 2,the person receives $90.If it 3 or 4,the person receives $30.00.If it lands 5 or 6,the person receives $60.If the person is willing to pay $60 to take this gamble,they must be
A) risk-averse.
B) risk-neutral.
C) risk-preferring.
D) either risk-neutral or risk-preferring (not risk-averse) .
Correct Answer:
Verified
Correct Answer:
Verified
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