How many of the following are true for a decision maker with a logarithmic u-curve? I. The value of clairvoyance on a distinction of interest is equal to the value of the deal with free clairvoyance...


How many of the following are true for a decision maker with a logarithmic u-curve?


I. The value of clairvoyance on a distinction of interest is equal to the value of the deal with free clairvoyance on the distinction less the value with no clairvoyance.


II. The decision maker follows the delta property.


III. A logarithmic decision maker exhibits more risk aversion than an exponential decision maker.


a. 0


b. 1


c. 2


d. 3



May 04, 2022
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