Question
When consequences are measured on a scale that reflects a decision maker's attitude toward profit, loss, and risk, payoffs are replaced by a) utility. b)
When consequences are measured on a scale that reflects a decision maker's attitude toward profit, loss, and risk, payoffs are replaced by
a) utility.
b) multicriteria measures.
c) sample information.
d) opportunity loss.
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
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