If Alan Is Risk-Averse, Then He Will Always

Multiple Choice

If Alan is risk-averse, then he will always

A) choose not to play a game where he has a 50 percent chance of winning $5 and a 50 percent chance of losing $5.
B) choose not to play a game where he has a 75 percent chance of winning $5 and a 25 percent chance of losing $5.
C) choose to play a game where he has a 55 percent chance of winning $5 and a 45 percent chance of losing $5.
D) choose to play a game where he has a 25 percent chance of winning $5 and a 75 percent chance of losing $5.