Identify the Utility Function of a Risk Seeking Individual $\surd$ W
B)U(W) = 1/W²
C)U(W) = W²
D)U(W) = W

question 48

Multiple Choice

Identify the utility function of a risk seeking individual.

• A)U(W) = \(\surd\)W
• B)U(W) = 1/W²
• C)U(W) = W²
• D)U(W) = W
• E)U(W) = 1/W

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Definitions:

Actuated

Triggered or moved into action, often referring to the activation of a mechanical device or system component in response to a control signal.

Proximity Switch

An electronic sensor capable of detecting the presence of nearby objects without physical contact, often using electromagnetic fields.

Physical Contact

The situation or condition where two or more objects are touching each other or connected in a way that allows for the transfer of electricity, heat, or mechanical forces.