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13. Scenario 15-3 An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is

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13. Scenario 15-3 An investor is considering 4 investments, A, B, C and leaving his money in the bank. The payoff from each investment is a function of the economic climate over the next 2 years, The economy can expand or decline. The following payoff matrix has been developed for the decision problem. The investor has estimated the probability of a declining economy at 70% and an expanding economy at 30%. m

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