Multiple Choice
A person who strongly wishes to avoid risk would pick which of the following choices?
A) a 50% chance of winning $750 or a 50% chance of winning $0
B) a 100% of getting $375
C) a 50% chance of getting $750, 25% chance of getting &1,500 and a 25% chance of losing $1,500
D) All of the above are equal to a person who wishes to avoid risk.
Correct Answer:
Verified
Correct Answer:
Verified
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