Unformatted text preview: • P 2 – Value • V 1 – • V 2 – • V 3 – • V 4 – 2. Using the above information construct a decision tree for the A1 and A2 that includes probabilities, outcomes, and value. 3. Derive the expected value calculation that a rational student will go through in making the decision to attend class. Part III – Write a paragraph discussing the ways in which the expected value model in Part II makes it possible to explain and understand the decision you introduced in Part I....
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- Fall '08
- Political Science, expected value model, Charles W. Ostrom, Prof. Charles W. Ostrom