Question: The expected payoff under risk is $12.7 and the expected value of perfect information is $3.5. What is the expected payoff under certainty? Multiple Choice

The expected payoff under risk is $12.7 and the expected value of perfect information is $3.5. What is the expected payoff under certainty?

Multiple Choice

  • $3.5

  • $9.2

  • $16.2

  • Cannot be determined without probabilities

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