Examlex

Solved

An Individual Is Indifferent Between Receiving a Guaranteed Amount of $1,000

question 87

Multiple Choice

An individual is indifferent between receiving a guaranteed amount of $1,000 and taking a chance of receiving $1,500 with probability 0.75 and losing $800 with probability 0.25.What is the expected value of this gamble?


Definitions:

Types Of Needs

Categories of necessity varying from physiological, such as food and water, to psychological, such as esteem and belonging.

Sexual Orientation

An enduring pattern of romantic or sexual attraction to persons of the opposite sex, the same sex, both sexes, or more, including heterosexuality, homosexuality, bisexuality, and more.

Positive Emotions

Feelings that are generally perceived as pleasant or beneficial, such as happiness, joy, love, and excitement.

Thalamus

A structure within the brain that acts as a relay station, transmitting information between different parts of the brain and the spinal cord.

Related Questions