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Author Question: A person who wishes to avoid risk would pick which of the following choices? (Read 63 times)

Collmarie

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on: Apr 19, 2019

Question 1

Which of the following chances has the biggest expected return?


◦ a 100% chance of getting $5,000
◦ a 40% chance of winning $10,000 and a 60% chance of winning $0
◦ a 50% chance of winning $10,000, 30% chance of winning $20,000 and a 20% chance of losing $20,000
◦ All of these have the same expected return.

Question 2

A person who wishes to avoid risk would pick which of the following choices?


◦ a 100% of getting $4,000
◦ a 50% chance of winning $8,000 or a 50% chance of winning $0
◦ a 50% chance of getting $8,000, 25% chance of getting $16,000 and a 25% chance of losing $16,000
◦ All of these are equal to a person who wishes to avoid risk.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Collmarie on Apr 19, 2019

Natalie4ever

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Collmarie

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Reply 2 on: Apr 19, 2019
:D TYSM

Sarahjh

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Reply 3 on: Yesterday
Wow, this really help

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