Risk loving persons, Microeconomics

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

Posted Date: 10/10/2012 8:48:27 AM | Location : United States







Related Discussions:- Risk loving persons, Assignment Help, Ask Question on Risk loving persons, Get Answer, Expert's Help, Risk loving persons Discussions

Write discussion on Risk loving persons
Your posts are moderated
Related Questions
Government Spending Wagner's Law of economic activities applies to every economy. According to this law, there is both an extensive and intensive increase in government activit

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

JOINT DEMAND AND COMPETITIVE

What is an index number?compile a chart of the types of consumer price index numbers showing-the agency who prepares it,index formula,target group,groups of items covered and the w

The following model shows the consumption function given: Ct = AD t β 2 Where A and β 2 are unknown constants and D is disposable income. (a) Show how by taking logari

Q. Define Regressive Tax? Regressive Tax: A tax in that lower-income individuals or households bear a proportionately greater burden of the tax. Sales taxes aretypically consid

The Industry's Long Run Supply Curve *  The Effects of Tax - Earlier we studied how firms respond to taxes on an input. - Now, we will consider how firm responds to tax o

What are the chemical properties of silicon?