Her preference probabilities for the various prospects associated with this decision are as follows: Josephine assigns a probability p that she will be assigned to the city route. The following graph...


Her preference probabilities for the various prospects associated with this decision are as follows:


Josephine assigns a probability p that she will be assigned to the city route. The following graph illustrates her sensitivity to p for the preference probabilities of each of the three alternatives:


Which of the following values ofp is closest to the one with the greatest value of free clairvoyance on the outcome of the delivery route assignment for Josephine?


a. 0 c. 0.55


b. 0.4 d. 0.7



May 04, 2022
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