Someone who values a lottery at more than the expected value is
a. a risk lover
b. risk neutral
c. risk averse
d. one who tends to play lots of lotteries
a
Economics
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What are the consequences of a firm exercising monopoly power?
A. Higher price and larger quantity sold. B. Higher price and smaller quantity sold. C. Lower price and larger quantity sold. D. Lower price and smaller quantity sold.
Economics
In 2015, the total income of all U.S. residents was about
a. $10 billion. b. $16 billion. c. $10 trillion. d. $16 trillion.
Economics