Utility reflects the decision maker's attitude toward
A)probability and profit.
B)profit,loss,and risk.
C)risk and regret.
D)probability and regret.

Question

Quizplus · Accepted Answer

Utility reflects the decision maker's attitude toward profit, loss, and risk, as it is a measure of the satisfaction or value that an individual gains from consuming goods and services or making certain decisions under conditions of uncertainty.

Utility Reflects the Decision Maker's Attitude Toward