Question: Compute EV (D1), EV with No Info, & EV with PI: A Profit(millions) 1 2 D1 3 D2 4 D3 5 6 Probability(prior) 7 EV(D1)

Compute EV (D1), EV with No Info, & EV with PI:

A Profit(millions) 1 2 D1 3 D2 4 D3 5 6 Probability(prior)

A Profit(millions) 1 2 D1 3 D2 4 D3 5 6 Probability(prior) 7 EV(D1) 8 9 10 EV (no info) EV with Pl S1 ? ? ? B $100 -$100 -$200 0.4 S2 $400 $500 $500 0.4 S3 D $500 $900 $1,600 0.2

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