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0.7 7 0 $-value Red Ball $750 Deal A 0.75 0.65 0.3 White Ball $400
0.7
7
0
$-value
Red Ball
$750
Deal A
0.75
0.65
0.3
White Ball
$400
0.40
0.7
Red Ball
$1,000
>>> Deal B
1.00
2
0.70
0.70
0.3
$700
White Ball
$0
0.00
Deal C
$500

0.50

u-value

0.75

0.40

1.00

0.00

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4

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0.7 7 0 Red Ball Deal A ######## '8 < = '- < (&& ########
0.7
7
0
Red Ball
Deal A
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0.3
White Ball
0.40
0.7
Red Ball
Deal B
1.00
0
#######
'8 < &&& = '- < &
0.70
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VALEUR!
White Ball
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Deal C

$-value

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$1,000

$0

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= '- < & 0.70 0.3 VALEUR! White Ball 0.00 Deal C $-value $x $400 $1,000

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$900 $800 $700 $600 $500 $400 $300 $200 Deal A Deal B $100 Deal C
$900
$800
$700
$600
$500
$400
$300
$200
Deal A
Deal B
$100
Deal C
Best
$0
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
Payoff 1
11
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Certain Equivalent

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Red Ball

7 0
7
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Deal A 0.75 1-p White Ball
Deal A
0.75
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White Ball

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Red Ball

0.40

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0
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1.00 1-p White Ball
1.00
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$-value

$750

$400

$1,000

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C #N/A #N/A 1.00 1-p White Ball 0.00 : > ,&& $-value $750 $400 $1,000 $0

C #N/A #N/A 1.00 1-p White Ball 0.00 : > ,&& $-value $750 $400 $1,000 $0

C #N/A #N/A 1.00 1-p White Ball 0.00 : > ,&& $-value $750 $400 $1,000 $0

C #N/A #N/A 1.00 1-p White Ball 0.00 : > ,&& $-value $750 $400 $1,000 $0

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$1,200 $1,000 $800 $600 $400 Deal A $200 Deal B Deal C Best $0 0.00
$1,200
$1,000
$800
$600
$400
Deal A
$200
Deal B
Deal C
Best
$0
0.00
0.10
0.20
0.30
0.40
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0.60
0.70
0.80
0.90
1.00
Certain Equivalent

Proba of Red Ball

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$ : $-value u-value Deal A $750 0.75 ; / 3 ; : 6 0.75
$
:
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u-value
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$750
0.75
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0.75
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2
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1
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Deal C
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0.50
0.50
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$850
Deal A
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0.40
0.40
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Deal B
3
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0.00
0.5
0.00
>>> Deal C
$500
15
0.50
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$1,200 $1,000 ! " # $800 $600 $400 Deal A $200 Deal B Deal C
$1,200
$1,000
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$600
$400
Deal A
$200
Deal B
Deal C
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$0
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
1.00
Certain Equivalent

Proba of Red Ball

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$250 $200 $150 $100 $50 # 3 ' VoC $0 0.00 0.10 0.20 0.30 0.40
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$100
$50
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$0
0.00
0.10
0.20
0.30
0.40
0.50
0.60
0.70
0.80
0.90
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17
Proba of Red Ball
Certain Equivalent

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Sensitivity to Gamma

$1,200 $1,000 $800 $600 $400 Deal A $200 Deal B Deal C $0 -0.07 -0.05
$1,200
$1,000
$800
$600
$400
Deal A
$200
Deal B
Deal C
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