Question: John Doe, a CISO is a rational person whose happiness or satisfaction (aka value function) for various amounts of money can be expressed as U(x)=10x,
John Doe, a CISO is a rational person whose "happiness" or satisfaction (aka value function) for various amounts of money can be expressed as U(x)=10x, where x is in thousand dollars. How much satisfaction does $0 bring to John? How much satisfaction does $100K bring to John? How does his utility function look like? What is John's risk attitude (i.e., averse, neutral, or seeking)? John is considering a cybersecurity solution Product X which has the following potential benefits to John's company: saving $80K with probability 0.6 or0.4. How much is the average long-term (i.e., expected value) savings (in $) John can expect from Product X? How much will be his average long-term (i.e., expected value) satisfaction (in Utils) John can expect from Product X
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