What’s your pleasure? You have three options for the evening. (1) You could watch some sitcoms on TV that you are certain to enjoy and that will provide you with a relative pleasure rating of 4. (2) You could go to a movie that is supposed to be good. You would enjoy the movie with proba bility 0.5; if you enjoy it, it will provide you with a relative pleasure rating of 11, but if you don’t enjoy it, it will provide a negative rating of —2. (3) You could go on a date. With probability 0.3 you will experience a pleasure rating of 21, and with probability 0.7 the date will provide a negative rating of —2. What are the expected values of pleasure for these individual activities? List the activities in order of expected pleasure. What would you do?
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