Asked by
Giorgia Macario
on Dec 08, 2024
Verified
Refer to Table 17.4. From the table, we can see that Celeste is
A) risk-averse.
B) risk-loving.
C) risk-neutral.
D) We cannot determine Celeste's attitude toward risk from the table.
Risk-averse
A term describing individuals or entities that prefer to avoid risk, opting for more certain outcomes even if it means potentially receiving lower returns.
- Define the attributes of risk-averse, risk-neutral, and risk-loving behaviors.
Verified Answer
MJ
Learning Objectives
- Define the attributes of risk-averse, risk-neutral, and risk-loving behaviors.