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Fins2624: Indifference curve question 2 (1 Viewer)

studymon

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For this question:

Steve is more risk-averse than Edie. On a graph that shows Steve and Edie's indifference curves, which of the following is true? Assume that the graph shows expected return on the vertical axis and standard deviation on the horizontal axis.

and here are the answers (both options were deemed true):

I) Steve and Edie's indifference curves might intersect.
III) Steve's indifference curves will have a steeper slope than Edie's

...my question is, how is I) (indiff. curves might intersect) true?
i thought that indiff curves could never intersect?
 

fantasy27

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each person's own set of indiff curves can't intersect, but steve's curve can intersect edie's curve
 

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