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Author Question: A _____ is a decision maker who would choose a guaranteed payoff over a lottery with a better ... (Read 117 times)

lidoalex

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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

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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.


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