Arisk-averse agent has a positive utility over a risky investment. We double both the expected...
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Arisk-averse agent has a positive utility over a risky investment. We double both the expected return and the variance of the investment option. The agent ... O Has a higher utility now because the higher return is more favorable than the risk. O Has the same utility because both the return and the risk are doubles and offset each other. O Has a lower utility because the new level of risk dominates the increased return. 0 None of the statements is correct
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