Question: The utility decision function does not have an intuitive interpretation and is frequently translated into dollars. What is this conversion referred to? a)Commonality translation b)Commonality

The utility decision function does not have an intuitive interpretation and is frequently translated into dollars. What is this conversion referred to?

a)Commonality translation

b)Commonality conversion

c)Certainty equivalent

d)Certainty metric.

please do fast and correct this is 2nd time i post this question please give clear explanation otherwise leave it explain why other options not correct

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!

The utility decision function does not have an intuitive interpretation and is frequently translated into dollars. What is this conversion referred to? a)Commonality translation b)Commonality...

The utility decision function does not have an intuitive interpretation and is frequently translated into dollars. What is this conversion referred to? Multiple Choice Commonality conversion Certainty

What factors should be considered in deciding whether the cost of capital for a foreign affiliateshould be higher, lower, or the same as the cost of capital for a comparable domestic operation?...

A Case Study of the Navy ABSTRACT We present here a case study of an organization within the U.S. Navy that created a new organizational construct and performance management system. We explore the...

3. Define a network as an abstract mathematical object. Give 3 examples of real life networks. Give a list of 7 network problems (models) that we covered in the class (you don't need to define them...

Consider the following decision tree and utility function. (Assume U (500) = 1 , U (0) = 0, and that the goal is to maximize the expected value and/or the expected utility.) Decision Tree A decision...

13.Define an abstract network. Give 3 examples of real life networks. Give a list of 7 network problems (models) that we covered in the class (you don't need to define them to answer this question)....

Notation The following is a simplified model based on Chetty and Finkelstein (2013) Consider an economy with a large number N of individuals that are identical in the following respects Identical...

124 hello tack;e all the questions 12. You can form a portfolio of two assets, A and B, whose returns have the following characteristics: Stock | E[R] Standard Deviation Correlation A 0.10 0.20 0.5 B...

i just need to figure out (b's chart) and the pay off of 20 in question (c) everything else is completed/ i have checked all of the photos and they are legible to read A firm has three investment...

A cold unopened 2L soda bottle contains 46 mL of confined gas at a pressure of 1.30 atm and a temperature of 5 C. If the bottle falls into a lake and is submerged to a depth where the pressure is...

Compute the resultant force acting on the pin at C (in kN). Compute the resultant force acting on the pin at C (in kN). 30 kN 0.00 KN Enter 1,400.00 mm,400.00 mm 2,500.00 mm 15 kN

Shaun is a student who has received an academic scholarship to State University. The scholarship paid $ 1 9 , 7 0 0 for tuition, $ 3 , 9 0 0 for fees, and $ 1 , 6 7 0 for books. In addition, Shaun's...

Question 20 (1 point) Which type of responsibility can companies fail to fulfill and still be considered ethical? O a) legal Ob) fiscal c) discretionary O dl overt

17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...

2. Develop a good and lasting relationship

1. Avoid conflicts in the relationship