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joe is a risk averse decision maker which of the following lotteries will he prefer 672728

Joe is a risk averse decision maker. Which of the following lotteries will he prefer?

L1:

With probability .10, Joe loses $100.

 

With probability .90, Joe receives $0.

L2:

With probability .10, Joe loses $190.

 

With probability .90, Joe receives $10.

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