Multiple Choice
Suppose that Professor Nash is planning to attend a 10 day academic conference. His utility function for the trip is U = T 2, where T is the length of the conference in days. Professor Nash is concerned that he will be forced to leave the conference early due to an illness in his family. The probability that Professor Nash will have go home is 40 percent. The expected utility of this trip is:
A) 4.
B) 8.
C) 10.
D) 40.
E) 100.
Correct Answer:

Verified
Correct Answer:
Verified
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