profile-img
Eduncle Asked an Mcq
March 2, 2020 2:25 pm

(I)    Preferring of a certain income to a risky income with the same level of expected value lead to a risk averse behaviour
(II)    Being indifferent between a certain income and uncertain income with the same level of expected value leads to risk averse behaviour
Which of the above statement is/are true ? Choose the correct option given below : 

Choose Your Answer:
  • 0 Attempts
  • 0 Likes
  • 1 Comments
  • 0 Shares
  • Eduncle Best Answer

    Preferring of a certain income to a risky income with the same lime of expected value lead to a risk averse behaviour. Being indifferent between a certain income and uncertain i...

    Show more
    Likes(0) Reply(0)