« previous next »

Author Question: A _____ is a decision maker who would choose a guaranteed payoff over a lottery with a better ... (Read 85 times)

lidoalex

  • Hero Member
  • *****
  • Posts: 538
on: Jun 24, 2018
A _____ is a decision maker who would choose a guaranteed payoff over a lottery with a better expected payoff.
 a. risk taker b. risk-neutral
  c. risk avoider d. risk-creator

Question 2

__________ is a measure of the total worth of a consequence reflecting a decision maker's attitude toward considerations such as profit, loss, and risk.
 a. Cost-to-company
  b. Utility
  c. Decision value
  d. Regret


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: A risk avoider is a decision maker who would choose a guaranteed payoff over a lottery with a better expected payoff.

Answer to Question 2

b
RATIONALE: Utility is a measure of the total worth of a consequence reflecting a decision maker's attitude toward considerations such as profit, loss, and risk.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Decision Making Decision Making
Clinical decision making for groups Clinical decision making for groups
This modified model of Easton’s systems theory puts government decision makers as the source of pol This modified model of Easton’s systems theory puts government decision makers as the source of pol
The physician and medical assistant will often work together to choose appropriate educational ... The physician and medical assistant will often work together to choose appropriate educational ...
How to choose the right payment plan with changing conditions (Question 1) How to choose the right payment plan with changing conditions (Question 1)
A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word A(n) _____ is a spur-of-the-moment question. Fill in the blank(s) with correct word
Video: Requirements for nervous signals

For a complete list of videos, visit our video library