Question: Question 1 (1 point) We're going to begin with the Decision Tree that you modified to PURCHASE PERFECT information, and modify it to VALUE IMPERFECT

Question 1 (1 point) We're going to begin with the Decision Tree that you modified to PURCHASE PERFECT information, and modify it to VALUE IMPERFECT INFORMATION. To do this, modify each of the Market Up, Market Flat, and Market Down outcomes to say Economist Says "Up", Economist Says "Flat", and Economist Says "Down" respectively. At the end of each outcome of the decision node involving a Stock Purchase (High Risk or Low Risk) of the "Purchase Information" branch, add an Uncertainty Node taking into consideration the Stock going Up, staying Flat, or going Down, since the Economist's information isn't perfect. Use the following information to perform a Bayesian Flip. What is the Expected Value of Imperfect Information? P(Market Up)=0.539, P(Market Flat) = 0.276, and P(Market Down) = 0.185. = ... .Given market ...Given market was went up) flat) ...Given market went down) 0.80 0.15 0.20 P( Economist said "Up"... P( Economist said "Flat"... Pl Economist said "Down"... 0.10 0.70 0.20 0.10 0.15 0.60 Question 1 (1 point) We're going to begin with the Decision Tree that you modified to PURCHASE PERFECT information, and modify it to VALUE IMPERFECT INFORMATION. To do this, modify each of the Market Up, Market Flat, and Market Down outcomes to say Economist Says "Up", Economist Says "Flat", and Economist Says "Down" respectively. At the end of each outcome of the decision node involving a Stock Purchase (High Risk or Low Risk) of the "Purchase Information" branch, add an Uncertainty Node taking into consideration the Stock going Up, staying Flat, or going Down, since the Economist's information isn't perfect. Use the following information to perform a Bayesian Flip. What is the Expected Value of Imperfect Information? P(Market Up)=0.539, P(Market Flat) = 0.276, and P(Market Down) = 0.185. = ... .Given market ...Given market was went up) flat) ...Given market went down) 0.80 0.15 0.20 P( Economist said "Up"... P( Economist said "Flat"... Pl Economist said "Down"... 0.10 0.70 0.20 0.10 0.15 0.60
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