Question 697 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 and Miss Red prefer more wealth to less.
(b) Mrs Green enjoys losing wealth.
(c) Mr Blue is risk averse.
(d) Miss Red is risk neutral.
(e) Mrs Green is risk averse.