Which of the following statements about risk-taking propensity is false?
A)Risk seekers like to gamble.
B)Risk seekers prefer alternatives that may turn out very well or very poorly to those with little variance in outcomes.
C)Risk averse individuals tend to make decisions very quickly based on very little information in order to avoid considering possible risks.
D)People with different levels of risk-taking propensity will make very different decisions in the same situation.
E)none of the above

Question

Quizplus · Accepted Answer

Risk averse individuals tend to be more cautious and deliberate in their decision-making process, often seeking more information and taking more time to avoid risks, contrary to the claim in option C that they make decisions quickly based on little information.

Which of the Following Statements About Risk-Taking Propensity Is False