A decision maker has chosen .4 as the probability for which, Ask an Expert

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A decision maker has chosen .4 as the probability for which he cannot choose between a certain loss of 10,000 and the lottery p(-25000) + (1-p)(5000). If the utility of -25,000 is 0 and of 5000 is 1, then the utility of -10,000 is

a. .5

b. .6

c. .4

d. 4.0

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9213545

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