Question: Talking QUESTION 7: Utility and Game theory m(14 POINTS) Three decision makers have assessed utilities for the problem whose payoff table appears below. State of

Talking QUESTION 7: Utility and Game theory m(14

Talking QUESTION 7: Utility and Game theory m(14 POINTS) Three decision makers have assessed utilities for the problem whose payoff table appears below. State of Nature Decision di d2 dz Probability 51 500 200 -100 .2 52 100 150 200 53 -400 100 300 2 .2 .6 300 Indifference Probability for Person Payoff A B 95 .68 200 .94 .64 150 91 .62 100 .89 .60 -100 .75 .45 Which decision will each person prefer? 20 minutes

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