Three decision makers have assessed utilities for the problem whose payoff table appears below. State of Nature Decision s1 s2 s3 D1 500 100 -400 D2 200 150 100 D3 -100 200 300 Probability 0.2 0.6 0.2 Indifference Probability for Person Payoff A B C 300 0.95 0.68 0.45 200 0.94 0.64 0.32 150 0.91 0.62 0.28 100 0.89 0.6 0.22 -100 0.75 0.45 0.1 Characterize each decision maker's attitude toward risk Show all formulas and manual working with explanation not excel
Three decision makers have assessed utilities for the problem whose payoff table appears below. State of Nature
Decision s1 s2 s3
D1 500 100 -400
D2 200 150 100
D3 -100 200 300
Probability 0.2 0.6 0.2
Indifference Probability for Person
Payoff A B C
300 0.95 0.68 0.45
200 0.94 0.64 0.32
150 0.91 0.62 0.28
100 0.89 0.6 0.22
-100 0.75 0.45 0.1
Characterize each decision maker's attitude toward risk
Show all formulas and manual working with explanation not excel
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