At a Decision Point in a Decision Tree, Which Machine

question 19

Multiple Choice

At a decision point in a decision tree, which machine would you select when trying to maximize payoff when the anticipated benefit of selecting machine A is $45,000, with a probability of 90%; the expected benefit of selecting machine B is $80,000, with a probability of 50%; and the expected benefit of selecting machine C is $60,000, with a probability of 75%?

• A) Machine A
• B) Machine B
• C) Machine C
• D) You would be indifferent between machines A and C.
• E) You would be indifferent between machines A and B.

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Definitions:

Shaping

A method of conditioning that involves reinforcing successive approximations of a desired behavior to teach a new behavior or skill.

Desired Behavior

A specific action or pattern of actions that an individual or system aims to elicit or establish as routine.

Positive Reinforcement

A process in behavior analysis that involves the introduction of a favorable stimulus following a desired behavior.

Shaping

A method in behavioral psychology where successive approximations of a target behavior are reinforced until the desired behavior is achieved.