Which of the Following Games Might a Risk-Averse Person Be

question 240

Multiple Choice

Which of the following games might a risk-averse person be willing to play?

• A)A game where she has a 60 percent chance of winning $1 and a 40 percent chance of losing $1.
• B)A game where she has a 70 percent chance of winning $1 and a 30 percent chance of losing $1.
• C)Both A and B.
• D)Neither A nor B.

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Definitions:

Conciliator

A neutral third party who assists in resolving disputes by improving communication between the parties, without having the authority to impose a solution.

Negotiations

The process of discussing and coming to an agreement between parties with differing interests.