Question: CASE 1 A payoff table of maximization problem is given State of Nature Decision s 1 s 2 s 3 d 1 2 5 0
CASE A payoff table of maximization problem is given
State of Nature
Decision
s
s
s
d
d
d
case continued
If the probabilities of s s and s are and respectively, then what choice should be made under expected value?
Question options:
d
d
d
non of these alternatives is correct
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