Amit is facing the following three deals: Amit is indifferent between a deal that gives $20 for sure, and a deal that gives $100 with probability 0.6 and $15 with probability 0.4. Amit follows the...


Amit is facing the following three deals:


Amit is indifferent between a deal that gives $20 for sure, and a deal that gives $100 with probability 0.6 and $15 with probability 0.4. Amit follows the five Rules of Actional Thought. What is Amit's preference order among A, B, and C?


a. A > B > C


b. B > A > C


c. C > B > A


d. B > C > A



May 04, 2022
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