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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 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.
a. Option B was riskier.
b. Option A was risker.
c. Cora is risk-seeking.
d. Cora is risk-averse.
Explanation
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Risk seekers:
Risk seekers love to perf...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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