Starting with the finished version of Example 9.2, change the decision criterion to maximize expected utility, using
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Starting with the finished version of Example 9.2, change the decision criterion to “maximize expected utility,” using an exponential utility function with risk tolerance $5000 (really $5 million). Display certainty equivalents on the tree.
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Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
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