An Individual Whose Utility Function Is Given By $U \left( W _ { 1 } , W _ { 2 } \right) = min\left( W _ { 1 } , W _ { 2 } \right)$

Multiple Choice

An individual whose utility function is given by $U \left( W _ { 1 } , W _ { 2 } \right) = min\left( W _ { 1 } , W _ { 2 } \right)$ (where W_i is wealth in state i) will

A) never gamble no matter how favorable the odds.
B) only gamble if the expected value of the bet is positive.
C) gamble if the bet is not too unfair.
D) always gamble,no matter how unfavorable the odds.