Catherine Is Risk Averse

question 53

Multiple Choice

Catherine is risk averse.When faced with a choice between a gamble and a certain level of wealth she will

• A) always prefer the gamble.
• B) always prefer the certain level of wealth.
• C) prefer the gamble if the expected utility from it is higher than the utility from the certain level of wealth.
• D) prefer the certain level of wealth if the expected utility from the gamble is higher than the utility of the certain level of wealth.

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Definitions:

Flexion

A movement decreasing the angle between two body parts, such as bending the arm at the elbow or the knee.

Extensor Carpi Ulnaris

A muscle located in the forearm that extends and adducts the wrist, playing a significant role in the movement of the hand and wrist.

Adduct

To move a limb or other body part toward the midline of the body.

Wrist

The joint connecting the hand and the forearm.