Question: A decision maker who gets less utility or pleasure from a greater risk and tends to avoid situations in which high losses may occur is

A decision maker who gets less utility or pleasure from a greater risk and tends to avoid situations in which high losses may occur is called
a. a risk seeker b.
an optimist
c. a pessimist d.
a risk avoider

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

A decision maker who gets less utility or pleasure from a greater risk and tends to avoid situations in which high losses may occur is called A . a pessimist. B . a risk seeker. C . a risk avoider. D...

Q:

A decision maker who gets less utility or pleasure from a greater risk and tends to avoid situations in which high losses may occur is called a . a risk seeker b . an optimist c . a pessimist d . a...

Q:

Chapter 7 from Mastering Strategic Management was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested by the...

Q:

A decision maker who gets less utility from a greater risk and avoids situations in which high losses might occur is a. indifferent to risk. b. a risk seeker. c. a risk avoider. d. a rational...

Q:

Exam One Study Guide Chapters 1, 2, 3, and 4 Chapter One Part I. What is one characteristic of the sequence of the market-driven planning approach? Market research occurs at what two points in the...

Q:

Hello, I have assessment.. Step 1 : Calculate the following ratios for the latest five years using the O-S Checklist Approach, an Excel template . For an overview of the approach, read our article,...

Q:

Summarize the following chapter in your words: (Basic elements of individual behavior in organizations) What is individual behavior in organization? The people who populate today's business world are...

Q:

This paper should include 3-5 pages of content with an additional cover and reference page. This is a total of 5-7 pages. Please be aware that a properly formatted page will include approximately 350...

Q:

Structure your organization's work to encourage wise choices. by John Beshears and Francesca Gino Leaders as Decision Architects ALL li"PLOYEES, from CEOs to frontline workers, commit preventab}e...

Q:

CHAPTER 9 Hypothesis Tests CONTENTS 9.4 POPULATION MEAN: UNKNOWN One-Tailed Test Two-Tailed Test Summary and Practical Advice 9.5 POPULATION PROPORTION Summary 9.6 HYPOTHESIS TESTING AND DECISION...

Q:

More energy from sunlight strikes the Earth in 1 hour (4.3 x 1020 J) than all the energy consumed on the planet in a year (4.1 x 1020 J). This is by far the largest carbon-free energy source on the...

Q:

Recall the beta-representation of asset return: R = R + i(Rm R) + . In ex- pectation, this becomes E(R) = R + i(E(Rm) Rf) since the residual return (or idiosyncratic bit of the return not...

Q:

If a firm is insolvent, then it is having difficulty servicing its debt obligations its liabilities exceed its asset value its current ratio is less than 1 . 0 its receivables turnover is less than 1...

Q:

Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for 5 years. You (and the...