Which of the Following Is a Feature of the Expected-Value

Multiple Choice

Which of the following is a feature of the expected-value standard?

A) It helps the decision taker to choose the course of action that involves the maximum risk and return.
B) It cannot be employed in situations involving multiple and related risks.
C) It is employed for short-term, one-time decisions involving high risks.
D) The expected value of a risky prospect represents the average monetary outcome if it were repeated indefinitely.
E) The expected-value standard is appropriate for playing short-run averages.