Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 407 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 26 Oct 2017 My Price 4.00

Uncertainty Diculty

Topic: Uncertainty Diculty: 2% Correct Responses: 0 Discrimination Index: 0Correct Answer: E12.4 Socrates owns just one ship. The ship is worth $200 million dollars. If the ship sinks,Socrates loses $200 million. The probability that it will sink is .02. Socrates' total wealth, includ-ing the value of the ship is $225 million. He is an expected utility maximizer with von NeumanMorgenstern utility U(W) equal to the square root of W. What is the maximum amount thatSocrates would be willing to pay in order to be fully insured against the risk of losing his ship?(a) $4 million(b) $2 million(c) $3.84 million(d) $4.82 million(e) $5.96 million

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Oct 2017 12:10 PM My Price 4.00

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