Risk-Averse People Will Choose Different Asset Portfolios Than People Who

Multiple Choice

Risk-averse people will choose different asset portfolios than people who are not risk averse.Over a long period of time,we would expect that

A) every risk-averse person will earn a higher rate of return than every non-risk-averse person.
B) every risk-averse person will earn a lower rate of return than every non-risk-averse person.
C) the average risk-averse person will earn a higher rate of return than the average non-risk-averse person.
D) the average risk-averse person will earn a lower rate of return than the average non-risk-averse person.