A person is risk loving if
A) For a given level of expected consumption, he prefers a risky bundle to a risk less one
B) His indifference curve is convex to the origin
C) His indifference curve is concave to the origin
D) A and C

Question

Quizplus · Accepted Answer

Risk-loving individuals prefer risky options over certain ones for a given level of expected outcome, which is reflected in their indifference curves being concave to the origin, indicating a higher tolerance or preference for risk.

A Person Is Risk Loving If