Three decision makers have assessed utilities for the follow

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

                                                                               State of Nature

The indifference probabilites are as follows:
                                                    Indifference Probability (p)

Tell me for each person the utility assigned for each payoff.

*Note start with utility of 10 for the highest payoff and 0 for the lowest.*

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

Solution

Three decision makers have assessed utilities for the following decision problem (payoff in dollars): State of Nature The indifference probabilites are as follo

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