Solved

Which Equation Represents the Way Complex, Multicomponent Decisions Would Be ×\times

Question 50

Multiple Choice

Which equation represents the way complex, multicomponent decisions would be made according to utility theory?


A) Expected value = [(probability of outcome 1) ×\times (utility of outcome 1) ] ×\times
[(probability of outcome 2) ×\times (utility of outcome 2) ]
B) Expected value = [(probability of outcome 1) ×\times (utility of outcome 1) ] +
[(probability of outcome 2) ×\times (utility of outcome 2) ]
C) Expected value = [(probability of outcome 1) ×\times (utility of outcome 1) ] -
[(probability of outcome 2) ×\times (utility of outcome 2) ]
D) Expected value = [(probability of outcome 1) ×\times (utility of outcome 1) ] ÷
[(probability of outcome 2) ×\times (utility of outcome 2) ]

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents