Question 696 utility, risk aversion, utility function
Mr Blue, Miss Red and Mrs Green are people with different utility functions. Which of the statements about the 3 utility functions is NOT correct?
(a) Mr Blue prefers more wealth to less. Mrs Green enjoys losing wealth.
(b) Miss Red has the same utility no matter how much wealth she has.
(c) Mr Blue is risk averse.
(d) Miss Red is risk averse.
(e) Mrs Green is risk loving.