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Given two lotteries with the same expected value, a risk-averse individual would choose: Select one: a. the lottery with more money. O b. the lottery

Given two lotteries with the same expected value, a risk-averse individual would choose: Select one: a. the lottery with more money. O b. the lottery with bigger variance. O C. the lottery with positive numbers. O d. the lottery with the smaller variance. O e. none of them

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