You are a contestant on Who Wants to be a Millionaire? and have just answered the $250,000

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You are a contestant on “Who Wants to be a Millionaire?” and have just answered the $250,000 question correctly. If you decide to go on to the $500,000 question and then to the $1,000,000 question, you still have the option available of using the “phone a friend” lifeline on one of the questions to improve your chances of answering correctly. You now want to use decision analysis (including a decision tree and utility theory) to decide how to proceed.
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Introduction to Operations Research

ISBN: 978-1259162985

10th edition

Authors: Frederick S. Hillier, Gerald J. Lieberman

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