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Nilanjan Bhowmick AIR 3, CSIR NET (Earth Science)
- UGC NET
- Economics
Consider the following statements :
(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 :
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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 income with the same level of expected value leads to risk averse behaviour.