A decision maker has a vNM utility function over money of u(x) = x². This decision maker is:Risk AverseRisk NeutralRisk LovingO None of the above

u(x)=x2 Let us take different values of X x x2 Mu of inco 100 1000 - 200 4000 3000 300…

Answered: A decision maker has a vNM utility…

A decision maker has a vNM utility function over money of u(x) = x². This decision maker is: O Risk Averse O Risk Neutral O Risk Loving O None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A decision maker has a vNM utility function over money of u(x) = x². This decision maker is:
Risk Averse
Risk Neutral
Risk Loving
O None of the above

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