The Risk ________ Curve Shows a Rapid Increase in Utility

question 96

Short Answer

The risk ________ curve shows a rapid increase in utility for initial amounts of money followed by a gradual leveling off for increasing dollar amounts.

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Definitions:

Generalized Expectancies

Beliefs or assumptions about how general traits or behaviors are likely to be rewarded or punished in various situations.

Reinforcement Value

The degree to which the outcome of a behavior increases the likelihood of the behavior's recurrence.

Behavior Potential

The likelihood of a particular behavior occurring in the presence of specific environmental conditions.

Observational Learning

Learning that results from watching or hearing about a person modeling the behavior.