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    Principles of Microeconomics
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    Exam 17: Uncertainty and Asymmetric Information
  5. Question
    A Person Who Prefers a Certain Payoff Over an Uncertain
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A Person Who Prefers a Certain Payoff Over an Uncertain

Question 17

Question 17

True/False

A person who prefers a certain payoff over an uncertain one with the same expected value is risk-averse.

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