Re: Discussion Problems of the Day (15-06-11)

Posted by poonam on Jun 21, 2011; 2:29pm
URL: http://discussion-forum.276.s1.nabble.com/Discussion-Problems-of-the-Day-15-06-11-tp6477247p6500239.html

Dear Barkha
by insurance what i meant was this -
a risk averse person doesn't prefer even insurance if the premium is too high , such that his utility from expected wealth becomes less than expected utility.

so your argument means , the statement is false right ??