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2. You are planning to invest in one of four development projects (a-d). For each of the projects, there are four possible futures that have

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2. You are planning to invest in one of four development projects (a-d). For each of the projects, there are four possible futures that have a different return on the investment, as shown in the table below. If you must invest in one of the projects, interest rates are the same and the time period between investment and payout are the same, which project(s) would you select using: a) Aspiration level, where you want to be able to make at least $300, but do not want to lose any money. (5 pts.) b) Most-probable future ( 5 pts.) c) Expected value ( 8 pts.) d) Laplace criterion ( 8 pts.) e) Maximin (8 pts.) f) Maximax (8 pts.) g) Hurwicz criteria, with values of (you may use a figure if you like, but please include calculations): a. 0.25 (4 pts.) b. 0.5 (4 pts.) c. 0.75(4 pts. ) If calculations are required you must show all work to receive credit for these

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