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Author Question: Exponential utility functions indicate that the decision maker is a. risk monitor. b. risk averse. ... (Read 144 times)

karateprodigy

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on: Jun 24, 2018
Exponential utility functions indicate that the decision maker is
 a. risk monitor.
  b. risk averse.
  c. risk neutral.
  d. risk taker.

Question 2

The utility function for money is a curve that depicts the relationship between
 a. decision alternative and utility. b. branch probabilities and utility.
  c. regret and utility. d. monetary value and utility.


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heinisk01

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Reply #1 on: Jun 24, 2018
Answer to Question 1

b
RATIONALE: All exponential utility functions indicate that the decision maker is risk averse.

Answer to Question 2

d
RATIONALE: A curve that depicts the relationship between monetary value and utility is known as the utility function for money.


karateprodigy

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Reply 2 on: Jun 24, 2018
Excellent

upturnedfurball

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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