Utility Utility Payoff (profit) Decision-Maker Decision-Maker 2 100 35 hich decision maker is a risk

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Utility Utility Payoff (profit) Decision-Maker Decision-Maker 2 100 35 hich decision maker is a risk-taker? Whick decision maker is risk-averse? hich decision should decision maker 1 choose? hich decision should decision maker 2 choose? What is the expected utility for decision 1, 000, 000 750, 000 500, 000 100 Payoff Table (pro State of Nature Probability ker 1? 0. 5 cision d1 d2 s2 s3 S750, 000 500, 000 $750, 000 S 1, 000, 000 500, 000 $500, 000

Utility Utility Payoff (profit) Decision-Maker Decision-Maker 2 100 35 hich decision maker is a risk-taker? Whick decision maker is risk-averse? hich decision should decision maker 1 choose? hich decision should decision maker 2 choose? What is the expected utility for decision 1, 000, 000 750, 000 500, 000 100 Payoff Table (pro State of Nature Probability ker 1? 0. 5 cision d1 d2 s2 s3 S750, 000 500, 000 $750, 000 S 1, 000, 000 500, 000 $500, 000

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