Which of the Following Statements Is(are) True

Multiple Choice

Which of the following statements is(are) true?
I) Risk-averse investors reject investments that are fair games.
II) Risk-neutral investors judge risky investments only by the expected returns.
III) Risk-averse investors judge investments only by their riskiness.
IV) Risk-loving investors will not engage in fair games.

A) I only
B) II only
C) I and II only
D) II and III only