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Business, 09.08.2021 20:30 gorillalover9000
A risk-averse individual prefers Group of answer choices the utility of expected income of a risky gamble to the expected utility of income of the same risky gamble. outcomes with 50-50 odds to those with more divergent probabilities, no matter what the dollar outcomes. the expected utility of income of a risky gamble to the utility of expected income of the same risky gamble. outcomes with highly divergent probabilities so that one of the outcomes is almost certain. outcomes with higher probabilities assigned to more favorable outcomes, no matter what the outcomes are.
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