Three below. 80 errol nish coiler Decision decision makers have assessed utilities for the problem whose payoff table ap

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Three Below 80 Errol Nish Coiler Decision Decision Makers Have Assessed Utilities For The Problem Whose Payoff Table Ap 1 (71.22 KiB) Viewed 44 times

Three below. 80 errol nish coiler Decision decision makers have assessed utilities for the problem whose payoff table appears State of Nature 7 S2 S2 di 500 100 400 200 150 100 Iso IN dz -100 200 300 Probability 0.2 0.6 0.2 16o (500x0.2 + 1007 0.6 + 4000 0-2) dz Payoff 300 200 150 100 -100 Indifference Probability for Person A B с 0.95 0.68 0.45 0.94 0.64 0.32 0.91 0.62 0.28 0.89 0.60 0.22 0.75 0.45 0.10 Person A risk P r revrey a. c. 13. Which option is correct? (11 Points) Person A is a risk avoider Person B is risk taker, and Person C is a risk avoider X (b.) Person A is a risk taker, Person B is risk avoider, and Person C is a risk taker Person A is a risk neutral, Person B is fairly risk neutral, and Person C is a risk avoider d. Person A is a risk avoider, Person B is fairly risk neutral, and Person C is a risk taker 14. Which decision will each person prefer? (11 Points) a. Decision 2 would be chosen by person C. Decision 1 would be chosen by persons A and BV b. Decision 1 would be chosen by person C. Decision 2 would be chosen by persons A and B X c. Decision 1 would be chosen by person B. Decision 2 would be chosen by persons A and C d. Decision 1 would be chosen by person A. Decision 2 would be chosen by persons B and C