Consider the Following Payoff Table with Amounts in $ Millions

question 29

Multiple Choice

Consider the following payoff table with amounts in $ millions. If you are using Hurwicz and decide d₃,then the coefficient of optimism,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 d₃
• C)larger than 0.85
• D)less than 0.83

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Definitions:

Organized Sports

structured physical activities, usually competitive, that are governed by a set of rules and organized by leagues, clubs, or associations.

Middle Childhood

A developmental stage that encompasses the period from around 6 to 12 years of age, when children are typically in elementary school.

Adolescence

The transitional developmental phase between childhood and adulthood, characterized by significant physical, psychological, and social changes.

Decline

A decrease in quality, quantity, or importance of something over time.