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    Managerial Economics Analysis Problems Cases
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    Exam 14: Risk in Project Analysis
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    If We Assume That the Decision Maker Is Risk-Averse, Then
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If We Assume That the Decision Maker Is Risk-Averse, Then

Question 39

Question 39

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If we assume that the decision maker is risk-averse, then we can conclude that the economic nature of risk is that its presence lessens the desirability of a given undertaking or investment project.

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