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Author Question: A person who prefers a certain payoff over an uncertain one with the same expected value is risk-averse. (Read 56 times)

bobbysung

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on: Apr 19, 2019

Question 1

Consider the following game. You pick a card from a standard 52-card deck and each time you select an ace, you get $520. For all other cards you must pay $26. This game is 
not a fair bet.


◦ true
◦ false

Question 2

A person who prefers a certain payoff over an uncertain one with the same expected value is risk-averse.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbysung on Apr 19, 2019

shayla

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbysung

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  • Posts: 519
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

coreycathey

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Reply 3 on: Yesterday
:D TYSM

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