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In each of the following scenarios, say whether the person is exhibiting risk averse, risk neutral, or risk loving risk preferences: b. Accepting $40.01, but

In each of the following scenarios, say whether the person is exhibiting risk averse, risk neutral, or risk loving risk preferences:

b. Accepting $40.01, but rejecting $39.99, when offered in exchange for a chance to play a coin-toss game with an expected value of $40 (assume that the subject would also reject $39.999, $39.999, etc., and accept $40.001, $40.0001, etc.)

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