Figure 14-2

question 89

Multiple Choice

Figure 14-2. The figure shows a utility function for Mary Ann.
-Refer to Figure 14-2. From the appearance of the utility function, we know that

• A)Mary Ann is risk averse.
• B)Mary Ann gains less satisfaction when her wealth increases by X dollars than she loses in satisfaction when her wealth decreases by X dollars.
• C)the property of diminishing marginal utility applies to Mary Ann.
• D)All of the above are correct.

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Definitions:

Positive Punishment

A concept in behavioral psychology where the addition of an unpleasant stimulus follows a behavior, aiming to decrease the likelihood of that behavior’s occurrence.

Negative Reinforcement

The removal of an aversive stimulus following a behavior, increasing the likelihood of that behavior being repeated.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Negative Reinforcement

A process in behavior modification that involves the removal of an unpleasant stimulus to increase the probability of a behavior being repeated.