Which of the Following Statements Is(are) False? I) Risk-Averse Investors

Multiple Choice

Which of the following statements is(are) false? I) Risk-averse investors reject investments that are fair games.II) Risk-neutral investors judge risky investments only by the expected returns.III) Risk-averse investors judge investments only by their riskiness.IV) Risk-loving investors will not engage in fair games.

A) I only
B) II only
C) I and II only
D) II and III only
E) III and IV only