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Risk-averse individuals: A. prefer certain outcomes over uncertain outcomes. B. prefer uncertain outcomes over certain outcomes. C. are indifferent to certain and uncertain outcomes. D.

Risk-averse individuals:

  • A. prefer certain outcomes over uncertain outcomes.
  • B. prefer uncertain outcomes over certain outcomes.
  • C. are indifferent to certain and uncertain outcomes.
  • D. have the same utility for risk as those who are not risk-averse.

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