The Risky Shift Refers to the Tendency of ____

question 117

Multiple Choice

The risky shift refers to the tendency of ____.

• A)groups to take greater risks than the same individuals on average would have taken individually
• B)people to become more risk-taking in their views the longer they hold on to them
• C)people to remember their views as being more risky than they really were
• D)people to become more extreme in their views-whether extremely risky, extremely cautious, or extreme in some other way-the longer they hold on to them

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Definitions:

Income

Revenue generated on a regular basis from labor or investments.

Demand Curve

A graph showing how the quantity demanded of a commodity changes as its price varies.

Demand Curve

A graphical representation depicting the relationship between the price of a good or service and the quantity demanded by consumers.

Demand

The amount of a product or service that buyers are ready and capable of buying at different price levels over a specified time frame.