Question: You have a payoff table with two decision alternatives (options) and two states of nature (environments). Option A has payoff $10,000 in environment 1 and

You have a payoff table with two decision

You have a payoff table with two decision alternatives (options) and two states of nature (environments). Option A has payoff $10,000 in environment 1 and $20,000 in environment 2. Option B has payoff $5,000 in environment 1 and $27,500 in environment 2. When the probability of environment 1 exceeds , option A becomes the higher expected payoff choice. O O O O O

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