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sophiegiu sophiegiu
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5 years ago
Which of the following evidence does NOT support the expected utility theory?
A) People assign disproportionately high weights to rare events.
B) Risk-averse people do not engage in fair bets.
C) Risk-loving people do not purchase insurance policies.
D) Risk-neutral people engage in fair bets.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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spsjr15spsjr15
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#1
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5 years ago
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