Someone who values a lottery at its expected value is

a. A risk lover
b. Risk neutral
c. Risk averse
d. most likely to play a lottery

b

Economics

You might also like to view...

A fall in the price level produces a ________ the aggregate demand curve

A) change in the slope of B) movement downward along C) leftward shift of D) rightward shift of E) movement upward along

Economics

The schedule of tolls capable of maximizing the net revenue of a bridge owner

A) has no relationship to the cost of constructing the bridge. B) is the highest anyone will pay rather than forgo the opportunity to cross the bridge. C) varies proportionately to the cost of constructing the bridge. D) will be higher than the corresponding tolls for a tunnel, because tunnel construction costs must be sunk rather than elevated.

Economics