7) A decision maker who is considered to be a risk taker is faced with this set of probabilities and payoffs. s1 s2 s3 d1 5 10 20 d2 -25 0 50 d3 -50 -10 80 probabilit y .30 .35 .35 For the lottery p (80) + (1 - p) (-50), this decision maker has assessed the following indifference probabilities. Payoff Probability 50 .60 20 .35 10 .25 5 .22 0 .20 -10 .18 -25 .10 Rank the decision alternatives on the basis of expected value and on the basis of expected utility. 7) A decision maker who is considered to be a risk taker is faced with this set ofprobabilities and payoffs.S1S2S3d1d251020-2550d3-50-1080probabilit.30.35.35yFor the lottery p (80) + (1 - p) (-50), this decision maker has assessed thefollowing indifference probabilities.ITРayoffProbability50.6020.3510.25.2220-10.18-25.10Rank the decision alternatives on the basis of expected value and on the basis ofexpected utility.

7) A decision maker who is considered to be a…

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7) A decision maker who is considered to be a risk taker is faced with this set of probabilities and payoffs. s1 s2 s3 d1 5 10 20 d2 -25 0 50 d3 -50 -10 80 probabilit y .30 .35 .35 For the lottery p (80) + (1 - p) (-50), this decision maker has assessed the following indifference probabilities. Payoff Probability 50 .60 20 .35 10 .25 5 .22 0 .20 -10 .18 -25 .10 Rank the decision alternatives on the basis of expected value and on the basis of expected utility.

7) A decision maker who is considered to be a risk taker is faced with this set of
probabilities and payoffs.
S1
S2
S3
d1
d2
5
10
20
-25
50
d3
-50
-10
80
probabilit
.30
.35
.35
y
For the lottery p (80) + (1 - p) (-50), this decision maker has assessed the
following indifference probabilities.
IT
Рayoff
Probability
50
.60
20
.35
10
.25
.22
20
-10
.18
-25
.10
Rank the decision alternatives on the basis of expected value and on the basis of
expected utility.

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