Decision maker's values,preferences and attitudes toward risk can be modelled.What is this called?
A)Risk profile
B)Sensitivity to a probability
C)Sensitivity to an input
D)Utility
E)Certainty equivalent

Question

Quizplus · Accepted Answer

Utility is the concept in economics and game theory that represents a decision maker's preferences, values, and attitudes toward risk, allowing for the modeling of decisions under uncertainty.

Decision Maker's Values,preferences and Attitudes Toward Risk Can Be Modelled