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Business, 19.05.2021 19:00, josmanu235
Ana is facing a lottery that pays off $200 with probability 2/3 and $500 with probability 1/3. If Ana has a certainty equivalent of $312 for this lottery, then she must be:
a. either risk averse or risk neutral.
b. only risk neutral.
c. either risk loving or risk neutral.
d. only risk loving.
e. only risk averse.
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Answers: 3
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Ana is facing a lottery that pays off $200 with probability 2/3 and $500 with probability 1/3. If An...
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