Risk exists whena all possible outcomes are known but, Ask an Expert

Economics

Risk exists when

a. all possible outcomes are known but probabilities can't be assigned to the outcomes.

b. all possible outcomes are known and probabilities can be assigned to each.

c. all possible outcomes are known but only objective probabilities can be assigned to each.

d. future events can influence the payoffs but the decision maker has some control over their probabilities.

e. c and d

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91236040

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