Multiple Choice
?A decision maker has chosen .4 as the probability for which he cannot choose between a certain loss of 10,000 and the lottery p(-25000) + (1 - p) (5000) . If the utility of -25,000 is 0 and of 5000 is 1, then the utility of -10,000 is
A) ?.5
B) ?.6
C) ?.4
D) ?4
Correct Answer:
Verified
Correct Answer:
Verified
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