Suppose that three coworkers must decide which radio station to listen to while they are working. Agent
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- Suppose that three coworkers must decide which radio station to listen to while they are working. Agent 1 has the following utility: 5 if itís station 1, 0 if itís station 2 and 2 if itís station 3. For agent 2, itís 3, 5 and 1 respectively and for agent 3, itís 0, 3 and 6. (a) Find the classical utilitarian choice (b) Find the egalitarian choice when we can only choose one station to play all of the time. (c) Find the egalitarian choice when we can time-share between the stations. If you canít Önd a precise answer, at least provide an improvement over the result in b.
Related Book For
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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