A utility curve showing utility increasing at an increasing rate as the monetary value increases represents
A)a risk avoider.
B)utility assessment.
C)a risk seeker.
D)conditional values.
E)expected utilities.

Question

Quizplus · Accepted Answer

A utility curve that increases at an increasing rate as monetary value increases is consistent with the behavior of a risk seeker. This individual is willing to take on higher levels of risk in exchange for the potential for higher rewards.

A Utility Curve Showing Utility Increasing at an Increasing Rate