Casinos in Atlantic City are looking to offer a special coin flip game where the player wins $4,000 if the coin comes up heads and loses $1,000 if the coin comes up tails. Assume a fair coin is used. Which statement below BEST describes the new coin flip game?

A. All statements are true.

B. A risk averse person would pay less than $1,500 to play this game.

C. A risk neutral person would be willing to pay $1,500 to play this game.

D. A risk seeking person would be willing to pay more than $1,500 to play the game.

E. The expected value of the game is that the participant wins $1,500.