Question $5(1$ point$)$

According to Elise Payzan$-$Lenestour in the Ted talk Why we take financial risks, a conclusion of her experimental behavior Bowman Game, is

most people over estimate risk, which reduces the chances of a successful outcome and high returns.

most participants did not understand risk and how the risks would impact the outcomes of the experiments.

most people are stupid and do not realize the true risk associated with an activity or investment.

to avoid another global crisis, policymakers should introduce devices that bind leaders in a way that will reduce risky behavior.