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Consider the decision problem of individual 1. (i) Compute individual 1is posterior belief (that the movie is exciting) after observing a favorable signal (s1 =

Consider the decision problem of individual 1. (i) Compute individual 1is posterior belief (that the movie is exciting) after observing a favorable signal (s1 = F ). (ii) Compute individual 1is posterior belief (that the movie is exciting) after observing a unfavorable signal (s1 = U). (iii) What is the action plan of individual 1 if she is a movie-critic

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