Question: For a person with higher risk aversion and higher probability of survival, which of the following is most likely true regarding the attractiveness of fixed

For a person with higher risk aversion and higher probability of survival, which of the following is most likely true regarding the attractiveness of fixed vs variable annuities? Fixed Annuity is____________, Variable Annuity is _____________ (fill in the blanks).

a-Less attractive, More attractive

b-Less attractive, Neutral

c-More attractive, Less attractive

d-More attractive, Neutral

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