menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Management Science Study Set 1
  4. Exam
    Exam 12: Decision Analysis
  5. Question
    People Who Forgo a High Expected Value to Avoid a Disaster
Solved

People Who Forgo a High Expected Value to Avoid a Disaster

Question 40

Question 40

Multiple Choice

People who forgo a high expected value to avoid a disaster with a low probability are


A) risk takers.
B) risk averters.
C) risk calculators.
D) risk predictors.

Correct Answer:

verifed

Verified

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

Related Questions

Q35: People who take a chance on a

Q36: When the _ criterion is used, the

Q37: The maximax criterion is optimistic.

Q38: The efficiency of sample information is the

Q39: The Hurwicz criterion is a compromise<br>A) between

Q41: The Hurwicz criterion is a compromise between

Q42: The _ is the maximum amount a

Q43: Use the expected value criterion to select

Q44: The _ multiplies the decision payoff for

Q45: The difference in the expected value with

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