Exhibit 14.7 The Following Questions Use the Information Below

Multiple Choice

Exhibit 14.7
The following questions use the information below.
A decision maker is faced with two alternatives. The decision maker has determined that she is indifferent between the two alternatives when p = 0.45.
-The difference between expected payoff under certainty and expected payoff under risk is

A) EVPI
B) EMV
C) expected regret value
D) none of the above