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Question

A risk averse individual

A. Would want more than the expected value of a gamble to compensate them for

assuming no risk

B. Is indifferent between the expected value of a gamble and that same 

value, but with no risk

C. Will never take any risk

D. Will accept less than the expected value of a gamble in order to avoid 

risk

Top Answer

A risk averse individual Answer is; D. Will... View the full answer

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