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(Solved): what does averse mean and what would be correct? Which of the following statements is TRUE? The high ...
what does averse mean and what would be correct?
Which of the following statements is TRUE? The higher the degree of risk aversion, the lower the risk premium the person will required to incur some risk. A risk-averse person will prefer a stable income every month. There is no relationship between the degree of risk aversion and the level of the risk premium. A risk-averse person will prefer to incur some risk, so that the income received changes every month.
Expert Answer
the higher the degree of risk aversion,the lower t