The wealthy are generally more risk-averse than the poor, since the wealthy have more to lose.True

Question

Quizplus · Accepted Answer

This statement is generally false. Research has shown that the wealthy tend to have more diversified portfolios and are willing to take on more risk in order to earn higher returns. However, it is important to note that individual risk-taking behavior can vary based on personal factors such as age and investment experience.

The Wealthy Are Generally More Risk-Averse Than the Poor, Since