Which of the following phenomena shows that risk aversion is the characteristic of many people?

Question

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Homeowners insurance shows that risk aversion is the characteristic of many people as it provides protection against unexpected events like damage to property or theft. It indicates that people are willing to pay a premium to avoid or reduce the risk of a significant loss. A, B, and C do not necessarily indicate risk aversion as some people may enjoy high-stakes poker or horse-race betting, and investing in one stock may be a strategy for maximizing returns rather than avoiding risks.

Which of the Following Phenomena Shows That Risk Aversion Is