@ Jaydee , Iam not sure about risk question. @Ashima , are you sure about it ? Like , if there is 50% chances of getting some amount and 50% of getting 0 , and the expected value is less then the offering made by some other party. Then will it always be the case , that if that person chooses the offering of some other party , he will be risk averse ? Even if the expected payoff and the offering made by the other party are same ?
"Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth."