​Someone Who Values a Lottery at More Than the Expected

question 54

Multiple Choice

​Someone who values a lottery at more than the expected value is

• A)​a risk lover
• B)risk neutral
• C)risk averse
• D)​one who tends to play lots of lotteries

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Definitions:

Denial

A psychological defense mechanism where an individual refuses to accept reality, truth, or facts.

Minimization

The strategy or action of reducing or keeping something to its smallest amount or degree.

Justification

The act of providing reasons or explanations for behaviors, decisions, or beliefs.

Eye Contact

Direct visual connection between two individuals, signifying various social and emotional meanings.