Question: Let U(500) = 1 and U(0) = 0. D .6 0 A E .4 300 L .6 F. 500 J 20 M .4 40 B

Let U(500) = 1 and U(0) = 0. D .6 0 A E .4 300 L

Let U(500) = 1 and U(0) = 0. D .6 0 A E .4 300 L .6 F. 500 J 20 M .4 40 B G .2 N .8 100 K H .3 O P .2 180 350 100 Please answer Questions 8 - 20 based on the information given above. QUESTION 11 What is the expected value after branch B, i.e., EV(B) =? Hint: Use the information you calculated before, i.e. EV(J) and EV(K). Use the most favorable outcome. A. 127.2 B. 100 C. 316 D. 120 E. 150 QUESTION 12 What is the expected value after branch C, i.e., EV( C) =? A. 316 B. 100 C. 150 OD. 127.2 E. 120 QUESTION 13 What is the expected utility after branch A, i.e., EU( A ) =? OA. 0.68 B. 0.381 C. 0.336 D. 0.43 E. 0.522 QUESTION 14 What is the expected utility after branch ), i.e., EU(J) = ? A. 0.43 B. 0.68 C. 0.381 D. 0.336 E. 0.522 QUESTION 15 What is the expected utility after branch K, i.e., EU(K) = ? A. 0.381 B. 0.522 C. 0.43 D. 0.68 E. 0.336 QUESTION 16 What is the expected utility of branch B, i.e., EU( B ) =? A. 0.43 B. 0.522 C. 0.381 D. 0.336 E. 0.68

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