Chantal is going to her friend Gregory’s house for a dinner party. Gregory had asked Chantal to…

Chantal is going to her friend Gregory’s house for a dinner
party. Gregory had asked Chantal to bring a bottle of wine to drink with the
meal. When Chantal goes to the grocery store to pick up a bottle, though, she
realizes that she can’t remember if Gregory said he was serving beef, chicken,
or fish for dinner. She now needs to decide whether to buy a bottle of red or
white wine. Her preferences for the various outcomes can be arranged as
follows:

Don't use plagiarized sources. Get Your Custom Essay on
Chantal is going to her friend Gregory’s house for a dinner party. Gregory had asked Chantal to…
Just from $13/Page
Order Essay

While thinking about this decision, she bumps into her
friend Shelli, who is also picking up some things for the same dinner party.
Shelli doesn’t know what is being served either, but she tells Chantal that it
couldn’t be beef because Gregory’s girlfriend doesn’t eat red meat. Therefore,
Chantal decides to recalibrate the table above with the beef options eliminated
(so that “white wine and fish” is the best outcome and “red wine
and fish” is the worst outcome). What should Chantal’s new preference
probability be for the outcome “white wine and chicken?”

a. 0.7 c. 0.9

b. 0.8 d. There is not enough information to decide.

Leave a Reply

Your email address will not be published.

*

*

*