In an Experiment on Risk Aversion and Inconsistency, a Group

Multiple Choice

In an experiment on risk aversion and inconsistency, a group of people were given the following choice: A) Lose $100 with certainty, or B) 50% chance to win $50, 50% chance to lose $200.Which of the following scenarios is most accurate and would most likely occur?

A) A majority chose option A.Option A has a lower expected loss.
B) A majority chose option B.Option A has a lower expected loss.
C) A majority chose option A.Option B has a lower expected loss.
D) A majority chose option B.Option B has a lower expected loss.
E) Roughly equal numbers chose A and B, because they have equal expected losses.