John's Utility from an Additional Dollar Increases More When He

question 34

Multiple Choice

John's utility from an additional dollar increases more when he has $1,000 than when he has $10,000.From this,we can conclude that John

• A) is risk averse.
• B) is risk loving.
• C) is risk neutral.
• D) has a negative marginal utility of wealth.

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Definitions:

Open Practices

Approaches and methodologies that emphasize transparency, accessibility, and collaborative development and sharing.

Research Materials

Various sources of information including books, journals, articles, and datasets used for academic or professional investigation.

Modern Trait Approach

A perspective in psychology that emphasizes the description and measurement of specific personality characteristics, or traits, as the basis for understanding human behavior.

Personality

A combination of emotional, attitudinal, and behavioral response patterns of an individual that are characteristic over long periods.