Frank Forgione Has the Right to Enter a Contest Where

question 21

Multiple Choice

Frank Forgione has the right to enter a contest where he has a 50% chance of winning $50,000 and a 50% chance of losing $0.It costs Frank nothing to enter the contest.If he is willing to give up his right to enter the contest for a sure payment of $25,000, he is ___.

• A)a risk avoider
• B)an optimist
• C)a risk taker
• D)risk neutral (an EMV'er)
• E)a gambler

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Definitions:

Familiar Toys

Toys that are well-known and easily recognized by a child, which can provide comfort and a sense of security.

Hospitalization

The process of admitting a patient to a hospital for observation, treatment, or surgery.

Regression

A psychological defense mechanism where an individual reverts to a previous stage of development in behavior or mindset.