A decision maker who is considered to be a risk taker is faced with this set of probabilities and payoffs. 
For the lottery p(80)+ (1 -p)(-50),this decision maker has assessed the following indifference probabilities:
Rank the decision alternatives on the basis of expected value and on the basis of expected utility.
Definitions:
Papillary Layer
The uppermost layer of the dermis, directly beneath the epidermis, containing capillaries and tactile receptors.
Areolar Tissue
A type of loose connective tissue that provides support and cushioning to surrounding tissues and organs.
Dermal Papillae
Small, nipple-like extensions of the dermis into the epidermis, increasing surface area for nutrients and oxygen transfer.
Stratum Spinosum
A layer of the epidermis situated just above the basal layer, known for its spiny appearance under a microscope.
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