Three decision makers have assessed payoffs for the following decision problem (payoff in dollars):

The indifference probabilities are as follows:

If P(s₁) = 0.30, P(s₂) = 0.55, and P(s₃) = 0.15, find a recommended decision for each of the three decision makers.

Question

Three decision makers have assessed payoffs for the following decision problem (payoff in dollars):
  
The indifference probabilities are as follows:
  
If P(s₁) = 0.30, P(s₂) = 0.55, and P(s₃) = 0.15, find a recommended decision for each of the three decision makers.

Quizplus · Accepted Answer

The Answer of Three decision makers have assessed payoffs for the following decision problem (payoff in dollars):
  
The indifference probabilities are as follows:
  
If P(s₁) = 0.30, P(s₂) = 0.55, and P(s₃) = 0.15, find a recommended decision for each of the three decision makers.

Three Decision Makers Have Assessed Payoffs for the Following Decision