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Ebridges85 Ebridges85
wrote...
Posts: 562
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6 years ago
The study of the risk dimensions of gambles has revealed that people
 
  a. place equal emphasis on the risk dimensions.
  b. ignore the risk dimensions.
  c. place more emphasis on some risk dimensions than others.
  d. make up their own risk dimensions.

Question 2

A duplex gamble is used to study the attractiveness of different gambles because it allows the experimenter to independently manipulate
 
  a. the amount won and the amount lost.
  b. the probability of winning and the probability of losing.
  c. the probability of winning and the amount won.
  d. the probability of losing and the amount lost.

Question 3

Subjective expected utility differs from expected values because it uses
 
  a. probabilities. c. Both probabilities and values
  b. values. d. Neither probabilities nor values
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1 Reply

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Replies
wrote...
6 years ago
Answer to q. 1

C

Answer to q. 2

B

Answer to q. 3

D
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