Examlex
Which of the following pairs is NOT correctly matched?
Risk Averse
Having the tendency to prefer outcomes with lower uncertainty and potential for loss, even if they may offer lesser but more certain rewards.
Expected Utility
A theory in economics that quantifies how choices are made with uncertainty, aimed at maximizing the satisfaction or benefit.
Risk-neutral
A characteristic of individuals or entities that exhibit indifference between choices with differing levels of risk, focusing solely on expected outcomes.
Expected Utility
A strategy in economics and game theory where individuals choose the option with the highest expected benefit, taking into account all future outcomes.
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