A risk loving individual would Select one: a. be indifferent between a risky pro

Question

A risk loving individual would Select one: a. be indifferent between a risky prospect with an expect value of $5 to a certain amount of $5. b. prefer a risky prospect with the expected of $0.50 than $5 with certainty. c. prefer $5 with certainty than a risky prospect with the expected of $5. d. prefer a risky prospect with an expected value of $5 to a certain amount of $5. A risk loving individual would Select one: a. be indifferent between a risky prospect with an expect value of $5 to a certain amount of $5. b. prefer a risky prospect with the expected of $0.50 than $5 with certainty. c. prefer $5 with certainty than a risky prospect with the expected of $5. d. prefer a risky prospect with an expected value of $5 to a certain amount of $5. Select one: a. be indifferent between a risky prospect with an expect value of $5 to a certain amount of $5. b. prefer a risky prospect with the expected of $0.50 than $5 with certainty. c. prefer $5 with certainty than a risky prospect with the expected of $5. d. prefer a risky prospect with an expected value of $5 to a certain amount of $5. a. be indifferent between a risky prospect with an expect value of $5 to a certain amount of $5. b. prefer a risky prospect with the expected of $0.50 than $5 with certainty. c. prefer $5 with certainty than a risky prospect with the expected of $5. d. prefer a risky prospect with an expected value of $5 to a certain amount of $5.

Explanation / Answer

ans

prefer a risky prospect with an expected value of $5 to a certain amount of $5

because he is risk lover so he gets utility if risk is invloved and if amount is same

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