What type(s)of individual will always choose a risk-free basket when offered a bet at fair odds?
A) A risk-neutral individual.
B) A risk-averse individual.
C) A risk-preferring individual.
D) Risk-neutral and risk-averse individuals.

Question

Quizplus · Accepted Answer

Risk-averse individuals will always choose a risk-free basket when offered a bet at fair odds, as they prioritize avoiding losses over potential gains.

What Type(s)of Individual Will Always Choose a Risk-Free Basket When