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

Problem 13-29 Three decision makers have assessed

Problem 13-29 Three decision makers have assessed utilities for the following decision problem (payoff in dollars): State of Nature Si S2 S Decision Alternative di 20 50 -20 d2 80 100 -100 The indifference probabilities are as follows: Indifference Probability (p) Decision maker B Payoff Decision maker C Decision maker A 1.00 100 1.00 1.00 80 0.95 0.70 0.90 50 0.90 0.60 0.75 20 0.70 0.45 0.60 -20 0.50 0.25 0.00 0.40 0.00 -100 0.00 Find a recommended decision for each of the three decision makers, if P(S1) = 0.25, P(82) = 0.50, and P(sa) = 0.25. (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(d2) = Recommended decision: Decision maker B EU(d1) = EU(02) The indifference probabilities are as follows: Indifference Probability (P) Payoff Decision maker A Decision maker B 1.00 100 1.00 0.95 Decision maker C 1.00 0.90 80 0.70 50 0.90 0.60 0.75 20 0.70 0.45 0.60 -20 0.50 0.25 0.40 -100 0.00 0.00 0.00 Find a recommended decision for each of the three decision makers, if P(51) = 0.25, P(52) = 0.50, and P(53) = 0.25. (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(02) - Recommended decision: Decision maker B EU(01) - EU(2) - Recommended decision: Decision maker C EU(d) EU(02) Recommended decision: Problem 13-29 Three decision makers have assessed utilities for the following decision problem (payoff in dollars): State of Nature Si S2 S Decision Alternative di 20 50 -20 d2 80 100 -100 The indifference probabilities are as follows: Indifference Probability (p) Decision maker B Payoff Decision maker C Decision maker A 1.00 100 1.00 1.00 80 0.95 0.70 0.90 50 0.90 0.60 0.75 20 0.70 0.45 0.60 -20 0.50 0.25 0.00 0.40 0.00 -100 0.00 Find a recommended decision for each of the three decision makers, if P(S1) = 0.25, P(82) = 0.50, and P(sa) = 0.25. (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(d2) = Recommended decision: Decision maker B EU(d1) = EU(02) The indifference probabilities are as follows: Indifference Probability (P) Payoff Decision maker A Decision maker B 1.00 100 1.00 0.95 Decision maker C 1.00 0.90 80 0.70 50 0.90 0.60 0.75 20 0.70 0.45 0.60 -20 0.50 0.25 0.40 -100 0.00 0.00 0.00 Find a recommended decision for each of the three decision makers, if P(51) = 0.25, P(52) = 0.50, and P(53) = 0.25. (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(02) - Recommended decision: Decision maker B EU(01) - EU(2) - Recommended decision: Decision maker C EU(d) EU(02) Recommended decision

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