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) Marley's agent mentioned that it may be possible to reveal the other buyer's type (whether the buyer intends to make no offer, a cash
) Marley's agent mentioned that it may be possible to reveal the other buyer's "type" (whether the buyer intends to make no offer, a cash offer, or a bank loan offer) but not the actual offer amount. What is the maximum that Marley would be willing to pay to find out the other buyer's "type"? Again, Marley is selecting from only three possible offer sizes: $550,000, $610,000, and $661,000. Draw another decision tree assuming he pays this fee and solve it. Clearly label probabilities, decisions, and compute the expected monetary value (EMV) of every node
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