Question: Problem 13-29 (Algorithmic) Three decision makers have assessed utilities for the following decision problem (payoff in dollars): State of Nature S S2 S Decision Alternative

Problem 13-29 (Algorithmic) Three decision makers

Problem 13-29 (Algorithmic) Three decision makers have assessed utilities for the following decision problem (payoff in dollars): State of Nature S S2 S Decision Alternative di 30 60 -20 02 70 100 -80 The indifference probabilities are as follows: Payoff ) Decision maker A 1.00 Indifference Probability (p) Decision maker B 1.00 0.80 Decision maker C 1.00 100 70 0.95 0.85 60 0.85 0.70 0.75 30 0.75 0.55 0.60 -20 0.60 0.25 0.50 0.00 -80 0.00 0.00 Find a recommended decision for each of the three decision makers, if P(s:) = 0.25, P(52) = 0.60, and P(s) = 0.15. (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(d:) - EU(2) - Recommended decision: d di da Decision maker B EU(0) - EU(da) - Recommended decision: Decision maker C EU(d) - EU(d) - Recommended dedsion

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