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Unformatted text preview: inherent due to financial m arkets will als o reduce the
ris ks that private operators perceive and thereby encourages exces s ive hedging.
D. Any action of governm ent to reduce the s ys tem ic ris k inherent in financial m arkets will als o reduce the ris ks
that private operators perceive and thereby encourages exces s ive gam bling.
d . b e ca u s e o f th e e xp re s s io n o f a n g e r in
he r s o ngs .
e .No t Atte mp te d Directions (Questions 10-15):
Fill the gaps in the passages b elow with the m ost appropriate word from the options given for each gap. The
right words are the ones used b y the author. Be guided b y the author's overall style and m eaning when you
choose the answers.
Von Nuem ann and Morgens tern as s um e a decis ion fram ework in which all options are throughly cons idered,
each option being independent of the others , with a num erical value derived for the utility of each pos s ible
outcom e (thes e outcom es reflecting, in turn, all pos s ible com binations of choices ). The decis ion is then m ade
to m axim ize the expected utilit...
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- Summer '14