Zero Sum Games
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Looking for interns for a fast paced web startup in San Francisco. Please visit the site at www.travelmonks.com if interested [View full text and thread]
|10/05/2008 03:19 AM by Charles R; Internship programs|
Note: There are no assigned utility values. Do I assign them myself? Even then, how do I solve this? I have Word, Excel, Powerpoint if that's how you can answer me.
|10/04/2008 11:19 AM by Trux; Expected Utility Calculation|
Matthew is a contestant on the game show "Behind the Curtain." The host has given him $50. In front of Matthew are three curtains. Behind one curtain is a jar with three dimes. Behind the second curtain is a check for $30. Behind the third curtain is a check for $120. Assuming he is risk neutral and interested only in the cash value of the value, is Matthew willing to trade the $50 for a chance to pick a curtain at random and take whatever prize it conceals? Explain by writing the appropriate expected utility calculation. [Manage messages]