Calculate the certain equivalents for each alternative when the fraction of red balls is equal to 1/6 and then when the fraction is equal to 5/6. Show these values on the graph.
Construct your own graph of the sensitivity of the value of clairvoyance to probability for Eduardo's decision problem as done for the party problem in Chapter 9. Be sure to label the axes and include the values that would be important to Eduardo in making his decision.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here