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fill in the blanks for part b (a) Using the expected value approach, which decision is preferred? E(d1)=$E(d2)=$E(d3)=$ thousand thousand The expected value approach recommends
fill in the blanks for part b (a) Using the expected value approach, which decision is preferred? E(d1)=$E(d2)=$E(d3)=$ thousand thousand The expected value approach recommends (b) For the lottery having a payoff of $100,000 with probability p and $0 with probability (1p), two decision makers expressed the following indifference probabilities. Find the most preferred decision for each decision maker using the expected utlity approach. Calculate the expected utility for each of the decision alternatives for each of the decision makers. (Assign a utility of 10 to the payoff of $100,000 and a utility of 0 to the payoff of $0.)
fill in the blanks for part b
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