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5. I am struggling with this - answered twice and wrong both times. A decision maker's utilities for $1,000, $2,000 and $3,000 are respectively 0.0,
5. I am struggling with this - answered twice and wrong both times.
A decision maker's utilities for $1,000, $2,000 and $3,000 are respectively 0.0, 0.3 and 1.0. This indicates that the decision maker is:
Select one:
a. risk adverse
b. risk seeking
c. risk neutral
d. risk seeking for small sums but risk adverse for larger sums
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