The following is not an example of risk aversion
A)you don't lock your garage when you have expensive workshop tools
B)you are more careful when you buy a more expensive car
C)Individuals tend to gamble more with their money when the future is certain
D)you only go swimming when the lifeguard is on duty

Question

​The following is not an example of risk aversion
A)​you don't lock your garage when you have expensive workshop tools
B)you are more careful when you buy a more expensive car
C)Individuals tend to gamble more with their money when the future is certain
D)​you only go swimming when the lifeguard is on duty

Quizplus · Accepted Answer

Risk aversion involves taking precautions to avoid potential losses. Not locking your garage with expensive tools inside shows a lack of precaution, thus not demonstrating risk aversion.

​The Following Is Not an Example of Risk Aversion

The Following Is Not an Example of Risk Aversion