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Three decision makers have assessed utilities for the following decision problem (payoff in dollars): State of Nature Decision Alternative s 1 s 2 s 3

Three decision makers have assessed utilities for the following decision problem (payoff in dollars):

State of Nature
Decision Alternative s1 s2 s3
d1 20 50 -20
d2 80 100 -100

The indifference probabilities are as follows:

Indifference Probability (p)
Payoff Decision Maker A Decision Maker B Decision Maker C
100 1.00 1.00 1.00
80 0.95 0.70 0.90
50 0.90 0.60 0.75
20 0.70 0.45 0.60
-20 0.50 0.25 0.40
-100 0.00 0.00 0.00

If P(s1) = 0.25, P(s2) = 0.50, and P(s3) = 0.25, find a recommended decision for each of the three decision makers. (Note: For the same decision problem, different utilities can lead to different decisions.)

Decision Maker A: - Select your answer -d1d2d3Item 1
Decision Maker B: - Select your answer -d1d2d3Item 2
Decision Maker C: - Select your answer -d1d2d3Item 3

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