A person is seen placing a wager on the Super Bowl.It can be concluded that
A) the person is risk-preferring.
B) the person is either risk-averse or risk-neutral,but not risk-preferring.
C) the person is either risk-neutral or risk-preferring,but not risk-averse.
D) we need more information before making a conclusion regarding this person's attitudes towards risk.

Question

Quizplus · Accepted Answer

Placing a wager on the Super Bowl does not provide enough information to conclusively determine a person's attitude towards risk. People bet for various reasons, and their decision to wager might be influenced by factors other than their risk preference, such as social reasons, entertainment value, or even overconfidence in their prediction abilities.

A Person Is Seen Placing a Wager on the Super