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A fair game____

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A fair game____

is a risky investment with a zero risk premium.

will not be undertaken by a risk-averse investor and is a risky investment with a zero risk premium.

will not be undertaken by a risk-averse investor.

is a riskless investment.

will not be undertaken by a risk-averse investor and is a riskless investment

Giải thích

Chọn đáp án B

Giải thích: A fair game is a risky investment with a payoff exactly equal to its expected value. Since it offers no risk premium, it will not be acceptable to a risk-averse investor.