Describe the Four Layers on Diversity in Gardenswartz and Rowe's

question 61

Essay

Describe the four layers on diversity in Gardenswartz and Rowe's diversity wheel.Provide a definition of the center layer, and an example of each of the other layers.

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Definitions:

Probability

An indicator of the probability of an event happening, represented by a value ranging from 0 to 1.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or failure of a dam.

Expected Utility Maximizer

An economic principle that assumes individuals choose to maximize a utility function that represents their preferences under conditions of uncertainty.