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Which of the following statements are true about risk aversion? Check all that apply: A risk-averse investor will reject a fair game. A risky investment

Which of the following statements are true about risk aversion?

Check all that apply:

A risk-averse investor will reject a fair game.

A risky investment with a risk premium of zero is called a fair game.

A risky investment with a risk premium of zero is called speculation.

Wagering money on an event that has an uncertain outcome in the hope of winning money is called gambling.

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