Buying insurance typically has ------------- but can be rational because it often has --------------. This makes sense because ---------------. Choose the answer that fills in the blanks in the correct order.
A. negative expected monetary value; positive expected utility; of the diminishing marginal utility of money
B. positive expected utility; positive expected monetary value; of the diminishing marginal utility of money
C. negative expected utility; positive expected monetary value; selling the insurance has positive expected monetary value for the insurance company
D. positive expected monetary value; positive expected utility; selling the insurance has positive expected monetary value for the insurance company
Answer: A. negative expected monetary value; positive expected utility; of the diminishing marginal utility of money
You might also like to view...
For Steinbock, it is permissible to use human embryos in research as:
a. The embryos are the result of IVF not cloning b. The embryos are the result of cloning not IVF. c. The embryos lack moral status d. It is permissible to use embryos for trivial purposes
Let's say that an incredible coincidence occurs in your life, and your friend argues that the odds against the occurrence are so astronomical that the only explanation must be a paranormal one. What is wrong with this argument?
Fill in the blank(s) with the appropriate word(s).
Determine whether the following passage contains an argument and, if it does, identify that argument's final conclusion."The P/E ratio is the number of dollars of stock you have to buy to get one dollar of profit. Any stock with a ratio greater than 15:1 is overpriced. That's why it's not a good idea to invest in stocks right now. P/E ratios are way too high."
What will be an ideal response?
Based on Kant's emphasis on reason, morality would apply to all of the following EXCEPT
a. normal adults b. children and the mentally challenged c. sentient being from another planet d. individuals from different cultures than our own