A person is said to be risk-averse if he or she
A) prefers to receive an amount of money for certain instead of taking a gamble that would, on average, produce the same amount of money.
B) prefers to take a gamble that would produce, on average, a certain amount of money, instead of receiving that same amount of money for certain.
C) is very comfortable with taking investment risk.
D) does not require an extra risk premium for taking more risk.
Correct Answer:
Verified
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