Question: Answer n and test your knowledge without impacting your grade by answering these tice questions. When you are ready and confident, skip to the Graded

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n and test your knowledge without impacting your grade by answering these tice questions. When you are ready and confident, skip to the Graded Questions ion to earn your grade for this lesson! You can do this! Question 2 Utility theory is one way of dealing with the fact that people often act in ways that defy the cramped vision of economists. Suppose that you prefer to take $20,000 over a bet that offers a 50% chance of winning $50,000 and a 50% chance of getting nothing. Are you risk-seeking, risk-averse, or risk-neutral, and what is the risk premium? Risk-prone; -5000 Risk-indifferent; 0 OOOO Risk-seeking; 5,000 Risk-averse; 5,000 I don't know One attempt ! Hint You answered 1 out of 1 correctly. Asking up to 3

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