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15. Starting a War Consider what happens if you start a war with another country. Calculate the expected utility in the situations in table 2
15. Starting a War Consider what happens if you start a war with another country. Calculate the expected utility in the situations in table 2 TABLE 2. Expected Utility of Different War Situations for Exercise 3-11 our = "will "'an \" "gamma! 0.5015'000} + BACK-5.000} = 1.000 16. Country B has threatened country A. If A does not give B a disputed port city on the border between the two countries, B will take the city by force. The leaders of A believe that there is a 0.4 probability that they can repel B's army if it attacks. A's value if it retains the port city is 8 and its value if it loses the port city is 4. The leaders of A believe they have two choices: ght or capitulate. What is country A's expected utility of "ght"
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