In the preference function of Example 26.1, plot the is opreference contours for values of -p = 1, 2, 3. What is the effect of changing rj on the trade-off between the two measures? Considering the...

In the preference function of Example 26.1, plot the is opreference contours for values of -p = 1, 2, 3. What is the effect of changing rj on the trade-off between the two measures?

Considering the party problem, plot the distributions and cumulative probability distributions for the Outdoors-Indoors-Porch alternatives when the probability of Sun = 0.5. Test for deterministic, firstorder, or second-order dominance.