Which of the Following Games Might a Risk-Averse Person Play

question 104

Multiple Choice

Which of the following games might a risk-averse person play?

• A)a game where she has a 50 percent chance of winning $1 and a 50 percent chance of losing $1
• B)a game where she has a 50 percent chance of winning $100 and a 50 percent chance of losing $100
• C)a game where she has a 60 percent chance of winning $1 and a 40 percent chance of losing $1
• D)a game where she has a 40 percent chance of winning $1 and a 60 percent chance of losing $1

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Definitions:

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision making.

Privacy

The right of individuals to keep their personal information secure and free from unauthorized disclosure.

Confidentiality Agreement

A legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with each other for certain purposes but wish to restrict access to or by third parties.

Defense

The act of countering or arguing against something, especially in a legal context to protect against a claim or accusation.