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See H Your friend has offered you two options: roll a six-sided die and win a prize, or take $3 and risk nothing. Each number
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Answer #1

Answer : The answer is option C.

Here if I take $3 then the risk is nothing. If I take a six-sided die to win then there exists risk. As here I am taking $3 hence it indicates that I am risk averse. Therefore, option C is correct.

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