A Risk-Averse Individual Prefers

question 95

Multiple Choice

A risk-averse individual prefers:

• A) the utility of expected income of a risky gamble to the expected utility of income of the same risky gamble.
• B) the expected utility of income of a risky gamble to the utility of expected income of the same risky gamble.
• C) outcomes with 50-50 odds to those with more divergent probabilities, no matter what the dollar outcomes.
• D) outcomes with higher probabilities assigned to more favorable outcomes, no matter what the outcomes are.
• E) outcomes with highly divergent probabilities so that one of the outcomes is almost certain.

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Definitions:

Corticosteroids

A class of steroid hormones that are used in medicine to treat inflammation and immune-related conditions.

Systemic Blood Pressure

The pressure of the blood in the systemic arterial system, essential for delivering oxygen and nutrients to tissues and organs throughout the body.

Myelomeningocele

A type of spina bifida where there is a protrusion of the spinal cord and its coverings through a gap in the spine, causing neurological problems.

Infection Signs

Observable indicators of infection in the body, which may include redness, heat, swelling, pain, and loss of function.