HW2 1. Describe in your own words the difference between a means objective and a fundamental objective. Why do we focus on coming up with attribute scales that measure accomplishment of fundamental objectives, but not means objectives? What good does it do to know what your means objectives are? 2. On July 3, 1988, the USS Vincennes was engaged in combat in the Persian Gulf. On the radar screen a blip appeared that signified an incoming aircraft. After repeatedly asking the aircraft to identify itself with no success, it appeared that the aircraft might be a hostile Iranian F-14 attacking the Vincennes. Captain Will Rogers had little time to make his decision. Should he issue the command to launch a missile and destroy the plane? Or should he wait for positive identification? If he waited too long and the plane was indeed hostile, then it might be impossible to avert the attack and danger to his crew. Captain Rogers issued the command, and the aircraft was destroyed. It was reported to be an Iranian Airbus airliner carrying 290 people. There were no survivors. What are Captain Rogers's fundamental objectives? What risks does he face? Draw a decision tree representing his decision. HW3 1. Solve the decision tree and Create risk profiles and cumulative risk profiles for all possible strategies. Is one strategy stochastically dominant? Explain Explain why deterministic dominance is a special case of stochastic dominance. Explain in your own words why it is important to consider the ranges of the consequences in determining a trade-off weight