Ünite Sınavı Soruları

1
Which of the following statement is false about the relationship between utility and wealth?
2
Which of the following refers to the variability of the outcomes of some uncertain activity?
3
Which of the following is a person who refuses a gamble when the expected value is zero, therefore refuses fair gambles?
4
The person who has concave utility function relative to total wealth is said to be
5
Which of the following best describes the utility function of risk seeker?
6
I. If someone has car insurance then she might drive recklessly, this can be termed as moral hazard.

II. Moral hazard occurs when insurance gives incentives to people to engage in fraudulent behavior.

III. When people who know their car, house, etc. are covered by insurance then they take more precautions this is called moral hazard.

What can be said to be true about moral hazard?
7
Which of the following is the expected value of utility over all possible outcomes?
8
Under what conditions of decision making, there will be no risk and uncertainty for participants?
9
Which of the following is a gamble whose expected value is zero?
10
What is a "fair gamble" ?