What is the optimal decision based on the Laplace approach?

Question 3 options:

	Current job
	New job
	Weak Economy
	Strong Economy
	None of the answers provided is correct.

Hugh is considering transitioning to a new job next year. He will either keep his current job which pays a net income of $70,000 or switch to a new job. If he changes jobs, his net income will vary depending on the state of the economy. He estimates that the economy will be Strong with 30% chance ( $85,000 net income), Average with 30% chance ($74,000 net income), or Weak with 40% chance ($63,000 net income)