What is meant by the term$$ "risk averse"?

Part $4$

A$.$

It refers to investors who have an aversion to$$ risk, meaning that when choosing between two assets with the same expected$$ returns, risk$-$averse investors would choose the asset with the lower risk.

B$.$

It refers to investors who prefer risk to safe$$ investments, meaning that$$ risk$-$averse investors would choose gambling over any form of investment.

C$.$

It refers to investors who have an aversion to$$ risk, meaning that when choosing between two$$ assets, risk$-$averse investors would ignore risk and only consider expected return.

D$.$

It refers to investors who prefer risk to safe$$ investments, meaning that when choosing between two$$ assets, risk$-$averse investors would choose the asset with the possibility of maximizing return.