Question: Question 1 0 ( 2 points ) Suppose your classmate Jermaine is faced with the following decision: they either receive $ 1 , 0 0

Question 10(2 points)
Suppose your classmate Jermaine is faced with the following decision: they either receive $1,000 with certainty, or a 50-50 chance of receiving $500 or $1,500.
Suppose Jermaine prefers the 50-50 chance of $500 or $1,500.
True or False: Based on their preferences, Jermaine is not a risk averse person.
True
False
Question 1 0 ( 2 points ) Suppose your classmate

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