Indifference This question refers to Table 6.2. Let p denote the probability that S1 obtains. (a) If
Question:
Indifference This question refers to Table 6.2. Let p denote the probability that S1 obtains.
(a) If an expected-utility maximizer is indifferent between A and B, what is his p?
(b) If another expected-utility maximizer is indifferent between B and C, what is her p?
(c) If a third expected-utility maximizer is indifferent between A and C, what is their p?
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