Svetlana Is Risk Averse

question 27

Multiple Choice

Svetlana is risk averse.Which of the following is correct about Svetlana?

• A)Her marginal utility of wealth increases as her income increases.
• B)She will always accept a bet if the probability of winning a dollar is the same as the probability of losing a dollar.
• C)Her utility function is a straight line.
• D)None of the above are correct.

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Definitions:

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