Question: 3. 2 + 2 +1 +5 = 10 a) Discuss the measuring tools for decision problems involving risk situations. b) Game theory cannot applicable for

3. 2 + 2 +1 +5 = 10 a) Discuss the measuring

3. 2 + 2 +1 +5 = 10 a) Discuss the measuring tools for decision problems involving risk situations. b) Game theory cannot applicable for single decision-maker" - explain. c) Game theory is applicable to situations that satisfy some condition" - Discriminate it. d) The pay-off matrix for a two-person zero-sum game is given below: Player II 1 5 2 7 7 3 4 4 5 6 6 2 7 6 2 Find the optimal strategies and the value of the game

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