Example 1.1.1: Deciding what merchandise to take, with three weather states. no rain (51) some rain ($2) all rain ($3) X ( "ice cream") 400 100 -400 y ( "hot dogs") -400 100 400 0 ("neither") 0 OO xty ("both" ) 200 Suppose the street vendor is a SEU maximizer. His subjective probabilities are ($1) = 0.25, p ($2) = 0.5, p (s3) = 0.25 . His utility function is u(400)=1, u(200)=0.7, (100)=0.5, u(0)=0, u(-400)=-2 . Which action will be chosen