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gtnhenbr [62]
3 years ago
12

The shape of your utility function implies that you are (a risk-averse or risk-friendly) individual, and, therefore, you ((you w

ould or would not) accept the wager because the difference in utility between B and C is (less than or greater than) the difference between C and A.
Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people?
a.The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar.
b.The utility function of a risk-averse person exhibits the law of diminishing marginal utility.
c. Risk-averse people overestimate the probability of losing money.
d. Risk-averse people are relatively poor and cannot afford to lose any money.
Business
1 answer:
ludmilkaskok [199]3 years ago
5 0

Answer:Defend or critique the following statement: “People who are unable to put aside their own interests should not be on teams.”

Explanation: I have no clue

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