If a person's utility doubles when their income doubles, then that person is risk... a. averse. b. seeking. c. There is not enough information given in the question to determine an answer. d. neutral.
If a person's utility doubles when their income doubles, then that person is risk... a. averse. b. seeking. c. There is not enough information given in the question to determine an answer. d. neutral.
Chapter18: Asymmetric Information
Section: Chapter Questions
Problem 18.12P
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Question
If a person's utility doubles when their income doubles, then that person is risk...
a. averse.
b. seeking.
c. There is not enough information given in the question to determine an answer. d. neutral.
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