Question: For the following decisions, indicate if they are consistent with risk aversion or risk loving. a. Buying a lottery ticket b. Buying fire insurance on
a. Buying a lottery ticket
b. Buying fire insurance on your house
c. Jaywalking on St. Catherine Street in Montreal
d. Backing up your computer
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a Risk loving the expected value from buying a lottery ticket is much less than the cost of the ... View full answer
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