Question: Please help me solve the three questions below for each decision maker A-C Problem 13-29 (Algorithmic) Three decision makers have assessed utilities for the following

Please help me solve the three questions below for each decision maker A-C

Problem 13-29 (Algorithmic)

Three decision makers have assessed utilities for the following decision problem (payoff in dollars):

State of Nature
Decision Alternative S1 S2 S3
d1 10 50 -10
d2 80 100 -100

The indifference probabilities are as follows:

Indifference Probability (p)
Payoff Decision maker A Decision maker B Decision maker C
100 1.00 1.00 1.00
80 0.95 0.80 0.85
50 0.85 0.70 0.75
10 0.75 0.55 0.60
-10 0.60 0.25 0.50
-100 0.00 0.00 0.00

Find a recommended decision for each of the three decision makers, if P(s1) = 0.20, P(s2) = 0.50, and P(s3) = 0.30. (Note: For the same decision problem, different utilities can lead to different decisions.) If required, round your answers to two decimal places.

Decision maker A
EU(d1) = _______________
EU(d2) = _______________
Recommended decision: ________________

Decision maker B
EU(d1) =_______________
EU(d2) = ______________
Recommended decision: __________________

Decision maker C
EU(d1) = ________________
EU(d2) = ________________
Recommended decision: ______________

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