People tend to be risk-averse when
A) paying taxes is a loss.
B) there is a 50% chance of gaining nothing.
C) given two choices and the gains for either choice would be the same.
D) the preference is for the uncertain with the thought that it will bring the most gains.
E) the options given all result in a positive outcome for all involved.

Question

Quizplus · Accepted Answer

People tend to be risk-averse when given two choices with the same gains, as they prefer certainty over uncertainty.

People Tend to Be Risk-Averse When