Economics

Three decision makers have assessed utilities for the followin" rel="nofollow">ing decision problems(Payoff in" rel="nofollow">in Dollars): a. Usin" rel="nofollow">ing the expected value approach, what decision do you recommend? b. For the lottery havin" rel="nofollow">ing a payoff of $100 with probability p and $ -100 with probability (1-p), three decision makers expressed the followin" rel="nofollow">ing in" rel="nofollow">indifferent probabilities. c. If P(s1) = 0.25, P(s2) = 0.50, and P(s3) = 0.25, fin" rel="nofollow">ind a recommended decision for each of three decision makers?