hree decision makers have assessed utilities for the problem whose payoff table appears below.
a. Plot the utility function for each decision maker.
b. Characterize each decision maker's attitude toward risk.
c. Which decision will each person prefer?
a. 
b. Person A is a risk avoider, Person B is fairly risk neutral, and Person C is a risk avoider.
c. For person A, EU(d1) = 0.734 EU(d2) = 0.912 EU(d3) = 0.904
For person B, EU(d1) = 0.56 EU(d2) = 0.62 EU(d3) = 0.61
For person C, EU(d1) = 0.332 EU(d2) = 0.276 EU(d3) = 0.302
Decision 1 would be chosen by person C. Decision 2 would be chosen by persons A and B.
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