explain the difference between a risk taker, a risk avoider, and a risk neutral decision maker.

May 5, 2023May 5, 2023 Discipline: Business and Management

You must record a PowerPoint presentation that explains the difference between a risk taker, a risk avoider, and a risk neutral decision maker.

In the presentation, you must explain the concept of utility and how this concept relates to risk. You must provide an example in your presentation that shows the difference between the different types of risk takers. This must include the shape of the utility functions and how they are derived. A good presentation will demonstrate how the different attitudes to risk can affect a decision based upon the same payoffs and information.

Your presentation must be a minimum of 5 minutes but no longer than 7 minutes. You may use a maximum of 7 slides. Including any title slide or references, you wish to include. Do not copy a presentation from the internet, or anywhere else as it will lead to a bonus grade of 0%

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