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A manager believes there is a 5 percent chance their firm will have to pay $1,000,000 and a 95 percent chance they will be found
A manager believes there is a 5 percent chance their firm will have to pay $1,000,000 and a 95 percent chance they will be found innocent and pay nothing except the legal fees of manager chooses to not enter into the litigation and to settle for $150,000 (pay the plaintiff), which of the following is true? Select one: OA. The manager is risk intolerant. OB. The manager is risk averse. OC. The manager is a risk lover. OD. The manager is risk neutral
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