Answer:
When you diversify your investments, you reduce the amount of risk you're exposed to in order to maximize your returns. Although there are certain risks you can't avoid, such as systemic risks, you can hedge against unsystematic risks like business or financial risks.
Explanation:
The preference committee members are as follows:
Member 1 prefers a to b and b to c
Member 2 prefers c to a and a to b
Member 3 prefers b to c and c to a
The order of this problem can be solved:
Preference for 1, 2 and 3 are as below:
1. a then b then c
2. c then a then b
3. b then c then
Member 1 knowing advantage , will always disagree with 2 and 3 so that he can win when it comes to vote
So, 2 and 3 in order to win , will have to cooperate with each other.
As we can see that the least suitable option according to Member 2 and Member 3 are b and a respectively. Therefore they would not consider supporting either b or a.
So the possible option of Member 2 and Member 3 supporting will be C.
Therefore both 2 and 3 will agree on C.
The predicted outcome of the game is C.
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