Question 23 Select ALL that is TRUE. You may select more than one. OUtility function of a risk averse person increases in wealth at an increasing rate. Utility function of a risk neutral person increases in wealth at a constant rate. A rational manager is one who chooses the strategy that maximizes expected utility, which is the probability weighted sum of the utility associated with each possible outcome. Utility function of a risk loving person increases in wealth at a decreasing rate. A risk loving person prefers to select investment options that have very little variation in the expected returns. 000

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