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A decision maker who is considered to be a risk taker is faced with this set of probabilities and payoffs For the lottery p(80)+(1p)(50), this

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A decision maker who is considered to be a risk taker is faced with this set of probabilities and payoffs For the lottery p(80)+(1p)(50), this decision maker has assessed the following indifference probabilities Determine the best alternative on the basis of expected value and on the basis of expected utility

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