A strategy that yields an expected monetary payoff of zero is called a
A) risk-neutral strategy.
B) fair game.
C) zero-sum game.
D) certainty equivalent.

Name: A strategy that yields an expected monetary payoff of zero is called a A) risk-neutral strategy. B) fair game. C) zero-sum game. D) certainty equivalent.
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Question

Quizplus · Accepted Answer

A fair game is a situation in which the expected monetary payoff is zero, meaning that over time, you neither gain nor lose money.

A Strategy That Yields an Expected Monetary Payoff of Zero