Suppose That Romeo Has the Utility Function U = S

question 6

Multiple Choice

Suppose that Romeo has the utility function U = S ⁵_RS ²_J and Juliet has the utility function U = S ²_RS ⁵_J, where S_R is Romeo's spaghetti consumption and S_J is Juliet's.They have 42 units of spaghetti to divide between them.

• A)Romeo would want to give Juliet some spaghetti if he had more than 21 units of spaghetti.
• B)Romeo would want to give Juliet some spaghetti if he has more than 26 units of spaghetti.
• C)Juliet would want to give Romeo some spaghetti if she has more than 28 units.
• D)Romeo and Juliet would never disagree about how to divide the spaghetti.
• E)Juliet would want to give Romeo some spaghetti if she has more than 30 units of spaghetti.

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Definitions:

Probabilities

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Error Management Theory

This evolutionary psychology theory suggests that humans are biased toward making the type of error that is less costly in terms of evolutionary fitness.

Interpretations

The act of explaining or making sense of information, events, or behaviors, often influenced by one's personal perspective or theoretical framework.