menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics
  4. Exam
    Exam 6: Uncertainty and the Emergence of Insurance
  5. Question
    Risk Averse Is a Characteristic of an Agent Who Has
Solved

Risk Averse Is a Characteristic of an Agent Who Has

Question 8

Question 8

True/False

Risk averse is a characteristic of an agent who has a concave utility function (diminishing marginal utility).

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Explain why economists generally assume that agents

Q4: Risk preference is a characteristic of an

Q5: If utility is measured in a way

Q6: An agent who buys high-priced insurance is

Q7: The introduction of insurance makes sense only

Q9: The hypothesis that states that, when people

Q10: Why not maximize expected monetary returns?

Q11: Expected monetary value is the expected utility

Q12: (a)<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5736/.jpg" alt="(a)

Q13: A probability distribution is a measure that

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines