Which gamble would a risk-averse person most prefer risk, Ask an Expert

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Which gamble would a risk-averse person most prefer? risk neutral-person? Risk-seeking person?

A 50% chance of winning $30 or 50% chance of losing $30

A 40% chance of winning $30, a 40% chance of losing $30, and a 20% chance of losing/winning nothing

A 40% chance of winning $3, a 40% chance of losing $3, and a 20% chance of losing/winning nothing.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709743

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