Figure 12-1 Joe Bloggs Is Considering the Following Three Alternatives That Are

Multiple Choice

Figure 12-1
Joe Bloggs is considering the following three alternatives that are estimated to yield the following potential monetary benefits: It is estimated that all of the outcomes are equally likely.
-Refer to Figure 12-1. Assuming that Joe is a risk averter which alternative is he likely to prefer?

A) Alternative A
B) Alternative B
C) Alternative C
D) He will be indifferent as to which alternative to choose.