Risk loving persons, Microeconomics

Assignment Help:

Risk Loving

- A person is a risk loving if they show a preference toward the uncertain income over a certain income having same expected value.

  • Examples: Gambling, some of the criminal activity

1001_risk loving.png


Related Discussions:- Risk loving persons

Role of managerial economist, Explain the role of managerial ecnomist in ki...

Explain the role of managerial ecnomist in kissan &dipsy fro ub group

Describe excess profit criterion, Question 1 Discuss the short-run cost-ou...

Question 1 Discuss the short-run cost-output relations Question 2 Write a short note on pure competition Question 3 Describe excess profit criterion Question 4 Disc

What is black marketing, What is black marketing?  Black Marketing mean...

What is black marketing?  Black Marketing means hoarding of sure commodity to sell it at higher prices. But it is an illegal activity in the economy and makes artificial shorta

What are the determinants of income elasticity of demand, What are the dete...

What are the determinants of income elasticity of demand?  There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed

Calculate income elasticity of demand, When Alex's income increased from $3...

When Alex's income increased from $3,000 to $5,000, he increased his consumption of bagels from 4 to 8 a month and decreased his consumption of donuts from 12 to 6 a month. Calcula

Effect of effluent fees on the firm input choices, The Effect of Effluent F...

The Effect of Effluent Fees on the Firms' Input Choices *  Firms which have a by-product to production produce an effluent. *  An effluent fee is a per unit fee which firms

Elasticity, discuss how a knowledge of price elasticity and income elastici...

discuss how a knowledge of price elasticity and income elasticity be of practical use to a firm

Monopoly, what is multi-plant monopoly?

what is multi-plant monopoly?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd