Multiple Choice
A decision maker's worst option has an expected value of $1,000, and her best option has an expected value of $3,000. With perfect information, the expected value would be $5,000. What is the expected value of perfect information?
A) $5,000
B) $4,000
C) $3,000
D) $2,000
E) $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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