(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 :
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...