Question: = 3. Consider a list of consequences C (C, C2, C3) and suppose that a decision-maker has preferences over lotteries II over C that

= 3. Consider a list of consequences C (C, C2, C3) and suppose that a decision-maker has preferences over lotteries II over C that are represented by a utility function U. Consider lotteries II = (1, 0, 0), II = (0, 1, 0), II = (3, , ) and II = (1, 0, 1). Suppose also that U(II) = 3, U(II) = 1, U(II) = 5 and U(II) = 4. Can the utility function U have the expected utility property? If so, provide a candidate utility function u over consequences in C.

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