Question: Mr. Sartre is considering four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in

Mr. Sartre is considering four different

Mr. Sartre is considering four different opportunities, A, B, C, or D. The payoff for each opportunity will depend on the economic conditions, represented in the payoff table below. Economic Conditions Poor Average Good Excellent Investment (S1) (S2) (53) (S4) 38 25 33 10 B 10 15 20 85 20 100 20 -25 25 25 100 25 Suppose all states of the world are equally likely (each state has a probability of 0.25). What is the expected value of perfect information? Note: Report your answer as an integer, rounding to the nearest integer, if applicable

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