If you are prepared to accept odds of 10/1 on drawing an ace from a pack of cards (i.e. you win £10 for a £1 bet if you draw an ace), then how would your risk attitude be described?

Question

Quizplus · Accepted Answer

The odds of drawing an ace from a standard deck of 52 cards are 4/52, or 1/13, which means the fair odds should be 12/1. Accepting 10/1 odds indicates a willingness to accept less favorable conditions for the chance of winning, which is characteristic of a risk-loving attitude.

If You Are Prepared to Accept Odds of 10/1 on Drawing