Problem
You have a choice between taking two jobs. The fi rst job pays $50,000 annually. The second job has a base pay of $40,000 with a 30% chance that you will receive an annual bonus of $25,000. You decide to take the $50,000 job. On the basis of this decision, can we tell if you are risk averse or a risk taker? Explain your response.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.