Millionaire Mode

Risk and Experimental Economics

Question 1 of 15

Which of the following is a characteristic of risk aversion?

  1. Individuals prefer risky outcomes over certain outcomes.
  2. Individuals are willing to pay a premium to avoid risk.
  3. Individuals are indifferent between risky and certain outcomes.
  4. Individuals prefer certain outcomes over risky outcomes.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000