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Author Question: Expected monetary value is most appropriate for problem solving that takes place (Read 278 times)

xroflmao

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on: Dec 3, 2019

Question 1

A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is
◦ an economist.
◦ an optimist.
◦ making a serious mistake; maximin is not appropriate for conditions of uncertainty.
◦ a pessimist.
◦ an optometrist.

Question 2

Expected monetary value is most appropriate for problem solving that takes place
◦ under conditions of risk.
◦ when conditions are average.
◦ when all states of nature are equally likely.
◦ when all alternatives are equally likely.
◦ under conditions of uncertainty.
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Marked as best answer by xroflmao on Dec 3, 2019

medine

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xroflmao

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Reply 2 on: Dec 3, 2019
Great answer, keep it coming :)

scottmt

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

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