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Author Question: In order to calculate expected value, it is necessary to know a. the probability of events. c. ... (Read 58 times)

arivle123

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on: Jun 20, 2018
In order to calculate expected value, it is necessary to know
 
  a. the probability of events. c. the utility of events.
  b. the subjective probability of events. d. None of these

Question 2

A normative procedure for combining probabilities and values is called
 
  a. expected utility. c. Bayes' theorem.
  b. expected value. d. subjective expected utility.


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emsimon14

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Reply #1 on: Jun 20, 2018
Answer to Question 1

A

Answer to Question 2

B


arivle123

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Reply 2 on: Jun 20, 2018
Great answer, keep it coming :)

dantucker

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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