Question: Good day, Question 7 7) A decision maker who is considered to be a risk taker is faoed with this set of probabilities and payoffs.

Good day,

Question 7

7) A decision maker who is considered to be a risk taker is faoed with this set of probabilities and payoffs. For the lottery p (80) + (1 - p) (-50), this decision maker has assessed the following indifference probabilities. Payoff Probability 50 .60 20 .35 10 .25 5 .22 0 .20 -10 .18 -25 .10 Rguested: Rank the decision alternatives on the basis of expected value and on the basis of expected utility

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