Lecture+09+quiz - Econ 100A, fall2010, lecture 9 slide# 2...

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Econ 100A, fall2010, lecture 9 slide# 2 Quiz Question 1: What is this function, ܷ ݔ ǡݔ , called? A. Utility function over consumption. B. Von Neumann-Morgenstern expected utility function C. Risk- return function D. Independence function. ܷ ݔ ǡݔ ൌ ߜήݑ ݔ + (1 െ ߜሻ ή ݑሺݔ ) Econ 100A, fall2010, lecture 9 slide# 3 Quiz Question 2: What is this underlined function, ݑሺݔ) , called? A. Utility function over consumption. B. Von Neumann-Morgenstern expected utility function C. Risk- return function D. Independence function. ܷ ݔ ǡݔ ൌ ߜήݑ ݔ + (1 െ ߜሻ ή ݑሺݔ )
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Econ 100A, fall2010, lecture 9 slide# 4 Quiz Question 3: If preferences over risky gambles are rational, what is the additional property that guarantees there will be a von
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Lecture+09+quiz - Econ 100A, fall2010, lecture 9 slide# 2...

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