There is no 6.66 on 19/3. Please update this. Thank you.
@socialist_jai
Жыл бұрын
Good explanation
@ECONMATHS
Жыл бұрын
Thanks for the appreciation
@promilsharma7834
8 ай бұрын
Sir please solve this question for my MEC-101 IGNOU exam will be after one week: Two players have the opportunity to participate in a gamble with two possible outcomes of ₹10 with probabilities 0.3 and ₹30 with probabilities 0.7. The players' utility functions for the money outcomes are as follows: Player 1: U1(M)=√ M+6 Player 2:U2(M)=(M+5)^2 Determine the difference in the amounts that you must offer to these two players. Thanks Sir
@emmanuelkandikana2022
Жыл бұрын
19÷3= 6.333.... not 6.66.
@Befeked-yb4jv
9 ай бұрын
Is that initial income equal to expected value, pleases try to analysis for tomorrow exam ,l am really appreciate
@mewanchelangkisuchiang9861
2 жыл бұрын
Sir please please solve this very important QUESTION for my upcoming exam on this Friday of IGNOU...........the question is like this below :- Consider a LOTTERY with 3 possible outcomes: Rs.100 will be received with probability of 0.1 Rs.50 will be received with probability of 0.2 Rs.10 will be received with probability of 0.7 1) What will be the Expected payoffs of the Lottery? 2) what would be the Risk neutral person pay to play the Lottery? 3) Suppose an individual have a VNM utility functions u(y)= √y. What would she pay to play the Lottery ?...
@ECONMATHS
2 жыл бұрын
I have uploaded the solution
@mewanchelangkisuchiang9861
2 жыл бұрын
@@ECONMATHS share the link sir....
@ECONMATHS
2 жыл бұрын
@@mewanchelangkisuchiang9861 check latest video on this channel
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