CAT2002 SECTION - ENGLISH _ CAT4MBA

C any action by governm ent to reduce the s ys tem ic

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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. a. A b .B c. C 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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