Making risk decisions - Utilities
4 important questions on Making risk decisions - Utilities
Give an example of subjective utility from an objective value:
What remarkable discovery did Ramsey et al. make?
One of the rules is comparability, what does this mean?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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A third rule is having a certainly equivalent for any gamble, what does this mean?
The question on the page originate from the summary of the following study material:
- A unique study and practice tool
- Never study anything twice again
- Get the grades you hope for
- 100% sure, 100% understanding
