Risk Aversion Is a Dislike Of

question 28

Multiple Choice

Risk aversion is a dislike of:

• A) paying interest.
• B) lending.
• C) borrowing.
• D) randomness in economic circumstances.

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Definitions:

Instrumental Conditioning

A learning process in which behavior is modified through the use of rewards or punishments.

Fixed-Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, leading to a high and steady rate of response.

Fixed-Interval

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, leading to a pattern of responses.

Primary

In psychology, often refers to primary reinforcers or stimuli, which are innately satisfying or desirable without learning.