Svetlana Is Risk Averse

question 27

Multiple Choice

Svetlana is risk averse.Which of the following is correct about Svetlana?

• A)Her marginal utility of wealth increases as her income increases.
• B)She will always accept a bet if the probability of winning a dollar is the same as the probability of losing a dollar.
• C)Her utility function is a straight line.
• D)None of the above are correct.

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Definitions:

Organizational Members

Individuals who belong to, and play roles within, a structured entity or an organization.

Common Interests

Shared concerns or objectives among individuals or groups that lead to collaboration or collective action.

Organizational Goals

The strategic objectives set by an organization, aimed at guiding and motivating its members towards collective achievements.

Second-wealthiest

Referring to the individual or entity ranked immediately after the wealthiest in terms of total wealth or assets.