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Which best describes the term risk aversion? a. The ratio of the covariance to the product of two individual variances. b. A variable whose value
Which best describes the term risk aversion?
a. | The ratio of the covariance to the product of two individual variances. | |
b. | A variable whose value in the future is uncertain. | |
c. | The unwillingness to accept risk without the expectation of reward. | |
d. | The ability to objectively forecast outcomes that are expected to occur. | |
e. | The rank ordering of gambles by expected value |
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