What is the monetary certainty equivalent, Risk Management

Assignment Help:

As you know, utility functions incorporate a decision maker's attitude towards risk. Let's assume that the following utilities were assessed for Stephanie Parker.

x

u(x)

-$400

0

-$365

10

-$320

20

-$270

30

-$200

40

-$110

50

$0

60

$130

70

$300

80

$600

90

$800

95

$1,100

100

Use these utilities to answer the following questions.

a) What is the monetary certainty equivalent for the following gamble: gain $130 with probability 0.4, lose $320 with probability 0.6.

b) What is the risk premium in a)? Explain the concept of a risk premium in addition to calculating its value for a).

c) What probability P would make Stephanie become indifferent between getting $130 for sure or taking the following gamble?

38_GDP in Income Approach and Expenditure Approach.png


Related Discussions:- What is the monetary certainty equivalent

Measure account for risk, The asset management industry uses a variety of "...

The asset management industry uses a variety of "performance measures" to asses the relative performance of managed portfolios or funds, mostly (but not always) relative to an appr

Identify the entities for managing risks and controls, QUESTION Mybank ...

QUESTION Mybank Commercial Bank is a global conglomerate with operations in more than 10 countries and with more than 25,000 employees across the globe. The bank's technology t

Risk free assets, Risk free assets is one for which there is no uncertainty...

Risk free assets is one for which there is no uncertainty in its expected rate of return and hence the standard deviation of such return is zero. Generally the expected rate of ris

Implementation of risk management strategy, Evaluate risk management criter...

Evaluate risk management criteria against which risk can be assessed • Key factors to take into account in risk identification Critique techniques to identify and quantify ri

Option Pricing, #question.Price a European call and put option using expli...

#question.Price a European call and put option using explicit, implicit and cranck nicholson methods in Matlab or R.

Essentials steps in developing safe systems of work, Question : A safe ...

Question : A safe system of work is a formal procedure which results from a systematic examination of a task in order to identify all the hazards and assess the risks with a vi

Post-loss objectives, discuss the post-loss objectives that would help firm...

discuss the post-loss objectives that would help firm recover

Total revenue and marginal revenue, Problem: Warming Up Luke likes to co...

Problem: Warming Up Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function If Luke allocates $200 to spe

Measurement of total risk, I need a report on Measurement of Total Risk. Ca...

I need a report on Measurement of Total Risk. Can you please assist me for Measurement of Total Risk report for about 2500 words?

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