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

Advantages of division of labour, Advantages of Division of labour: Di...

Advantages of Division of labour: Division of labour has advantages including the following: Development of Greater Skill by the Worker In division of labour, each

Economic models, the general characterictics of economic models,its limitat...

the general characterictics of economic models,its limitations and verification

Discounting principle, The owner of a firm Mr. Rajneesh expects to make a p...

The owner of a firm Mr. Rajneesh expects to make a profit of Rs.5,50,000, Rs.6,50,000, Rs.7,50,000 and Rs.8,50,000 at the end of the 1st, 2nd, 3rd and 4th year respectively. Rajne

Scarcity choice and opportunity cost, (a) Differentiate between a  command ...

(a) Differentiate between a  command economic system and a laissez-faire. (b) Assess to what extent it is advantageous for an economy when it moves from a controlled to a free-e

Identify the cases for government intervention in an economy, Problem 1: ...

Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always

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