Multiple Choice
Suppose option A has a lower expected value than option B.Which of the following statements is,in general,true?
A) A risk-averse person prefers option B to option A.
B) A risk-neutral person is indifferent between options A and B.
C) A risk-averse person prefers option A to option B.
D) Insufficient information to determine.
Correct Answer:
Verified
Correct Answer:
Verified
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