Question: 2. Based on available information, a student develops a decision tree. Calculate expected value at every node including the first node. Show work. What is

2. Based on available information, a student develops a decision tree.

  1. Calculate expected value at every node including the first node. Show work.
  2. What is the optimum decision and its expected value?
  3. If your risk tolerance is -$1.0 million, what is the optimum decision and expected value?

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