(Answered) Question the figure shows a sensitivity analysis of value

Statistics

Question: The figure shows a sensitivity analysis of value of information to the probability of Sunshine, p, for both Kim and Jane in the party problem.

On this figure, plot the sensitivity of Mary's value of clairvoyance to p.

At a consulting project, you hear the phrase "Risk-averse people always pay more for clairvoyance than risk-neutral people." From the curves of Kim, Jane, and Mary, how would you respond to this statement?

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