Question: When comparing a certainty equivalent (CE) to a risky gamble, the CE ________. A) must be less than, but close to, the maximum possible outcome

When comparing a certainty equivalent (CE) to a risky gamble, the CE ________.

A) must be less than, but close to, the maximum possible outcome in a gambling situation

B)is less than the gamble's expected value for most people.

C)is less than the minimum

D) equals expected value for most people

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