Answered

Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

When the decision maker prefers a guaranteed payoff value that is smaller than the expected value of the lottery, the decision maker is

Sagot :

Answer:

Risk avoider

Explanation:

Answer to the following question is risk avoider;

A risk avoider is someone who makes decisions because they are afraid to make mistakes. A risk avoider is a person who exclusively examines options that do not contain any hazards. A risk avoider avoids making actions that might result in a disastrous outcome.

We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.