3. Suppose that in the example of section 7.2, your utilities are as follows: U(c4) = 1,...

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3. Suppose that in the example of section 7.2, your utilities are as follows:

U(c4) = 1, U(c3) = 1/3, U(c2) = 0, U(c1) = 2/3.

Suppose your probability of rain is 1/2. What is your optimal decision?

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Principles Of Uncertainty

ISBN: 9781138052734

2nd Edition

Authors: Joseph B. Kadane

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Question Posted: Aug 31, 2024 07:00 AM

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3. Suppose that in the example of section 7.2, your utilities are as follows: U(c4) = 1,...

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Principles Of Uncertainty

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