?A Decision Maker Has Chosen

question 6

Multiple Choice

?A decision maker has chosen .4 as the probability for which he cannot choose between a certain loss of 10,000 and the lottery p(-25000) + (1 - p) (5000) . If the utility of -25,000 is 0 and of 5000 is 1, then the utility of -10,000 is

• A) ?.5
• B) ?.6
• C) ?.4
• D) ?4

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Definitions:

Leadership Trait

A characteristic that is inherent in leaders, contributing to their ability to lead effectively.

Diplomatic

Relating to or characterized by the art of managing international relations, typically involving negotiation, tact, and strategy.

Leadership Traits

Inherent attributes and characteristics that are believed to make an individual predisposed to be an effective leader.

Self-Confidence

The belief in one's abilities, qualities, and judgment.