Economics 1st Edition by Dean Karlan,Jonathan Morduch

تمرين 12

Cora had two options when buying car insurance. Option A had a higher expected value, but Cora chose option B. From the list below, what can we assume about these policies and Cora's willingness to take on risk? Check all that apply.
a. Option B was riskier.
b. Option A was risker.
c. Cora is risk-seeking.
d. Cora is risk-averse.