UGC NET
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Eduncle Asked an Mcq
March 2, 2020 2:25 pm
  • 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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    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...

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