A Risk-Averse Person

question 36

Multiple Choice

A risk-averse person

• A)has a utility curve where the slope increases with wealth,and might take a bet with a 80 percent chance of winning $300 and a 20 per chance of losing $300.
• B)has a utility curve where the slope increases with wealth,and would never take a bet with a 80 percent chance of winning $300 and a 20 per cent chance of losing $300.
• C)has a utility curve where the slope decreases with wealth,and might take a bet with a 80 percent chance of winning $300 and a 20 per chance of losing $300.
• D)has a utility curve where the slope decreases with wealth,and would never take a bet with a 80 percent chance of winning $300 and a 20 per cent chance of losing $300.

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Definitions:

Option Group

A user interface element, typically in forms or applications, consisting of a group of options from which a user can select one choice.

Toggle Button

A graphical user interface element that allows the user to change a setting between two states, often represented visually by an on/off switch.

Tab Control

A graphical user interface element that allows for the organization of content into separate tabs, each of which can be selected to view the content it contains.

Record Source Property

A property in database management systems that specifies the source of data for objects like forms, reports, and controls.