Question: Three decision makers have assessed utilities for the problem whose payoff table appears below. S1 S2 S3 D1 500 100 -400 D2 200 150 100

Three decision makers have assessed utilities for the problem whose payoff table appears below.

S1 S2 S3
D1 500 100 -400
D2 200 150 100
D3 -100 200 300
probability 0.2 0.6 0.2
Indifference Probability for Person
Payoff A B C
300 0.95 0.68 0.45
200 0.94 0.64 0.32
150 0.91 0.62 0.28
100 0.89 0.6 0.22
-100 0.75 0.45 0.1
Requested:
a. Plot the utility function for each decision maker.
b. Characterize each decision maker's attitude toward risk.
c. Which decision will each person prefer?

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