Posted: July 22nd, 2021

Discussion board | MBA 6053 – Economics for Managers | Columbia Southern University

Identify a situation that involves making decisions using expected value, and detail the different options, expectations, and payouts. Discuss the risks involved with those expectations and, if applicable, the payouts. Include in your discussion an explanation of how to determine how much information to gather to minimize uncertainty. Finally, explain which decision should be made.

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