Ignore your answer to the previous question. Consider someone with the following utilities: Utility, U(x) Payoff,

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter18: Auctions
Section: Chapter Questions
Problem 18.1IP
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Ignore your answer to the previous
question. Consider someone with the
following utilities:
Utility,
U(x)
Payoff,
$1600
0.95
$1000
0.85
$600
0.70
What type of decision maker are they?
Question 18 options:
Risk Averse
Risk Seeking
Risk Neutral
Transcribed Image Text:Ignore your answer to the previous question. Consider someone with the following utilities: Utility, U(x) Payoff, $1600 0.95 $1000 0.85 $600 0.70 What type of decision maker are they? Question 18 options: Risk Averse Risk Seeking Risk Neutral
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