Which gamble would a risk-averse person most prefer? risk neutral-person? Risk-seeking person?
A 50% chance of winning $30 or 50% chance of losing $30
A 40% chance of winning $30, a 40% chance of losing $30, and a 20% chance of losing/winning nothing
A 40% chance of winning $3, a 40% chance of losing $3, and a 20% chance of losing/winning nothing.