You are reconsidering your analysis of the tennis wager between you and your partner (see Problem 8-33)

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You are reconsidering your analysis of the tennis wager between you and your partner (see Problem 8-33) and have decided to incorporate utility theory into the decision making process.€ƒ
The following table describes your utility values for various payoffs:
You are reconsidering your analysis of the tennis wager between

(a) Redo Problem 8-35 using this information.
(b) How can you best describe your attitude toward risk? Justify your answer

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Managerial Decision Modeling With Spreadsheets

ISBN: 9780136115830

3rd Edition

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

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