MS 2220 Final CH 17
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| the amount that comes from a possible outcome or result | show 🗑
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| the sum of the payoffs associated with each possible outcome of a situation weighted by its probability of occuring | show 🗑
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| A game whose expected value is zero | show 🗑
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| show | diminishing marginal utility
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| show | Expected Utility
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| show | Risk-averse
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| Refers to a person's willingess to take a bet with an expected value of zero | show 🗑
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| Refers to a person's preference for an uncertain deal over a certain deal with an equal expected value | show 🗑
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| show | Risk Premium
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| show | asymmetric information
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| show | adverse selection
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| Actions taken by buyers and sellers to communicate quality in a world of uncertainty | show 🗑
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| show | Moral Hazard
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| show | mechanism design
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
savelae
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