Consider the Following Decision Table with Rewards in $ Millions

question 2

Multiple Choice

Consider the following decision table with rewards in $ millions. If you are using Hurwicz and decide d₂,then α is ______.

• A) undetermined; there is not enough information to find the answer
• B) unfeasible; there is no value of α that would make you choose d₂
• C) larger than 0.4
• D) less than 0.4
• E) less than 0.67

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Definitions:

Adhesion Conscionability

Adhesion conscionability examines whether a contract, typically a "take-it-or-leave-it" deal presented by the stronger party to the weaker, is so one-sided that it is unfair to the weaker party and therefore unenforceable.

Procedural Unconscionability

A legal principle referring to circumstances where the process involved in making a contract is deemed unfair or unjust, often due to a significant imbalance in power or information between the parties.

Substantive Unconscionability

A legal doctrine that allows courts to refuse to enforce a contract or part of it, if the contract is excessively unfair or oppressive.

Adhesion Conscionability

A legal concept referring to the fairness of contract terms in a standard-form agreement, where one party has significantly more power to dictate the terms.