Question: Three decision makers have assessed utilities for the problem whose payoff table appears below. s 1 s 2 s 3 d 1 500 100 -400

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
Probabil
Ity
.2
.6
.2

Indifference Probability for Person

Payoff
A
B
C
300
.95
.68
.45
200
.94
.64
.32
150
.91
.62
.28
100
.89
.60
.22
-100
.75
.45
.10

Plot the utility function for each decision maker.

Characterize each decision maker's attitude toward risk.

Which decision will each person prefer?



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