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    Managerial Economics Study Set 1
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    Exam 17: The Problem of Adverse Selection
  5. Question
    ​Someone Who Values a Lottery at Less Than the Expected
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​Someone Who Values a Lottery at Less Than the Expected

Question 32

Question 32

Multiple Choice

​Someone who values a lottery at less than the expected value is


A) ​a risk lover
B) risk neutral
C) risk averse
D) ​one who tends to play lots of lotteries

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