A Rational Decision Maker Must Choose Between Two Alternatives

question 15

Multiple Choice

A rational decision maker must choose between two alternatives.Alternative 1 has a higher EMV than Alternative 2, but the decision maker chooses Alternative 2.What might explain why this occurs?

• A)Alternative 2 may have a higher expected utility.
• B)Alternative 1 may have a lower expected opportunity loss.
• C)The probabilities are not known.
• D)A rational decision maker could not possibly choose alternative 2.

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