Economics · Risk and Uncertainty
Risk aversion relative to a lottery implies that the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1utility of its expected value is greater than the inverse of the expected value of its utility
- 2expected value of its utility is equal to the utility of its expected value
- 3expected value of its utility is greater than the utility of its expected value
- 4utility of its expected value is greater than the expected value of its utility✓
Correct answer
utility of its expected value is greater than the expected value of its utility
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Risk and Uncertainty MCQs →Want more practice questions on Risk and Uncertainty?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Risk and Uncertainty