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For the Payoff Table Below,the Decision Maker Will Use P(s1)=

Question 43

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For the payoff table below,the decision maker will use P(s1)= 0.15,P(s2)= 0.5,and P(s3)= 0.35.​ For the payoff table below,the decision maker will use P(s<sub>1</sub>)= 0.15,P(s<sub>2</sub>)= 0.5,and P(s<sub>3</sub>)= 0.35.​ ​ a.What alternative would be chosen according to expected value? b.For a lottery having a payoff of 40,000 with probability p and -15,000 with probability (1 -p),the decision maker expressed the following indifference probabilities. c.What alternative would be chosen according to expected utility? ​ ​
a.What alternative would be chosen according to expected value?
b.For a lottery having a payoff of 40,000 with probability p and -15,000 with probability (1 -p),the decision maker expressed the following indifference probabilities.
c.What alternative would be chosen according to expected utility?
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