Rahul Has a Concave Utility Function

question 52

Multiple Choice

Rahul has a concave utility function. Therefore, if there are two choices, he will pick the ________ if ________ expected value.

• A)fair bet; both have the same
• B)less risky choice; both have the same
• C)more risky choice; both have the same
• D)less risky choice; it has a lower

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