You are given the following utility table with decision alternatives and three states of nature with

Question:

You are given the following utility table with decision alternatives and three states of nature with their respective probabilities.
	Compute the Expected Utility (EU) values and identify the best alternative.
				States of nature
Decisions			s1	s2	s3
d₁	(invest in $000s)		10	9	0
d₂	(invest in $000)		9	5	0
d₃	(DO NOT invest)		7.5	7.5	7.5
		(p)	0.3	0.5	0.2

What is the best decision? b) Using the following payoff table, calculate the expected monetary value EMV for each decision
					States of nature
	Decisions			s₁	s₂	s₃
	d₁	(invest in $000s)		50	30	-45
	d₂	(invest in $000)		30	-30	-45
	d₃	(DO NOT invest)		0	0	0
			(p)	0.3	0.5	0.2

What is the best decision?