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Given the choice between a sure-thing option and a gamble option with the same expected payoff, ...

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Given the choice between a sure-thing option and a gamble option with the same expected payoff, ...

Given the choice between a sure-thing option and a gamble option with the same expected payoff, a____________ person will choose gamble.

▸

risk averse

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risk loving

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risk neutral

▸

risk avoiding

▸

none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

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This calls for a celebration Person Raising Both Hands in Celebration

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