Which of the Following Is a Key Assumption of the Utility

question 9

Multiple Choice

Which of the following is a key assumption of the utility function?

• A) Gambles of the form (x, p, y) should be equal to gambles of the form (y, p, x).
• B) Gambles are not interchangeable even if the prizes are similar.
• C) A person's attitude toward a lottery is not solely dependent on the ultimate prizes.
• D) Every object considered for gambling is comparable.

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