Question 10
If the utility function of an individual is a strictly concave function, the individual is
Risk neutral
Risk averse
Risk lover
He does not care about the risk.
If the utility function of an individual is a strictly concave function, the individual is
Risk neutral
Risk averse
Risk lover
He does not care about the risk.
Correct answer
Risk averse
Question 10 of 25 in the IIT Madras BS Corporate Finance (Corporate Finance) Quiz 2 paper sat on 1 Dec 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB2 01 Dec 2024). It carries 1 mark.