Which of the following allows for the slope of indifference curve to depend on the level of utility?
A) Expected Utility Theory.
B) Regret Theory.
C) Loss Aversion.
D) Weighted Expected Utility Theory.

Question

Quizplus · Accepted Answer

Weighted Expected Utility Theory allows for the slope of the indifference curve to depend on the level of utility, as it incorporates varying weights on outcomes based on their utility, thus allowing for non-linear utility functions.

Which of the Following Allows for the Slope of Indifference