Solved

If You Are Prepared to Accept Odds of 10/1 on Drawing

Question 40

Multiple Choice

If you are prepared to accept odds of 10/1 on drawing an ace from a pack of cards (i.e. you win £10 for a £1 bet if you draw an ace) , then how would your risk attitude be described?


A) Risk- neutral
B) Risk- loving
C) Risk- averse
D) Need more information to say

Correct Answer:

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