Consider the following lotteries: L 1 = [1, 1]. L 2 = [0.5, 2; 0.5,
Question:
Consider the following lotteries:
• L1 = [1, 1].
• L2 = [0.5, 2; 0.5, 0].
• L3 = [1, 2].
Four students have expressed their preferences over these lotteries as follows:
• Adam is indifferent between lottery L2 and lottery L1.
• Becky prefers lottery L1 to lottery L2.
• Charles is indifferent between lottery L3 and lottery L2.
• Diana prefers lottery L2 to lottery L1.
Match each student with a utility function that is consistent with their stated preferences. Each student has a different utility function.
a. Which student has the utility function of U(x) = x2
b. Which student has the utility function of U(x) = x
c. Which student has the utility function of U(x) = √ x
d. Which student has the utility function of none of the ones above
Step by Step Answer:
Artificial Intelligence A Modern Approach
ISBN: 9780134610993
4th Edition
Authors: Stuart Russell, Peter Norvig