Question 1
4 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
The maximin decision is.
Selected
Answer:
aband
on
Correct
Answer:
aband
on
Question 2
4 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
The equally likely (middle of the road) decision is.
Selected
Answer:
excav
ate
Correct
Answer:
excav
ate
Question 3
0 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
If the team decides to abandon the site and it turns out to be the lost city of
Atlantis, what is the amount of their regret?
Give you answer in millions and do not use the $ symbol (e.g. if it is $750 million,
give your answer as 750).
Selected
50
Answer:
Correct
800
Answer:
, Answer range 0 (800.0 -
+/- 800.0)
Question 4
0 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
If the team decides to abandon the site and it turns out to be an interesting
geological formation, what is the amount of their regret?
Give you answer in millions and do not use the $ symbol (e.g. if it is $750 million,
give your answer as 750).
Selected
100
Answer:
Correct
0
Answer:
Answer range 0 (0.0 -
+/- 0.0)
Question 5
4 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
The maximax decision is.
Selected
Answer:
excav
ate
Correct
Answer:
excav
ate
Question 6
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
If the use of a radically new and sensitive technology were to
become an option and would cost you $40 million you should
definitely do it since the potential benefits of finding the lost city
are huge.
Selected
Fals
Answer:
, e
Correct
Fals
Answer:
e
Question 7
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
The expected value of certainty is:
Selected
Answer:
52.
5
Correct
Answer:
52.
5
Question 8
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
What is the most you would ever consider paying for the use of any kind of
technology to help your exploration efforts?
Selected
Answer:
45
Correct
Answer:
45
Question 9
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
If you had perfect information that the site is just
an interesting geological formation, your best payoff would be:?
Selected
Answer:
-50
Correct
Answer:
-50
Question 10
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
4 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
The maximin decision is.
Selected
Answer:
aband
on
Correct
Answer:
aband
on
Question 2
4 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
The equally likely (middle of the road) decision is.
Selected
Answer:
excav
ate
Correct
Answer:
excav
ate
Question 3
0 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
If the team decides to abandon the site and it turns out to be the lost city of
Atlantis, what is the amount of their regret?
Give you answer in millions and do not use the $ symbol (e.g. if it is $750 million,
give your answer as 750).
Selected
50
Answer:
Correct
800
Answer:
, Answer range 0 (800.0 -
+/- 800.0)
Question 4
0 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
If the team decides to abandon the site and it turns out to be an interesting
geological formation, what is the amount of their regret?
Give you answer in millions and do not use the $ symbol (e.g. if it is $750 million,
give your answer as 750).
Selected
100
Answer:
Correct
0
Answer:
Answer range 0 (0.0 -
+/- 0.0)
Question 5
4 out of 4 points
ATLANTIS
Assume you do not know the probabilities of the site being the lost city of
Atlantis, another lost city, or just an interesting geological formation AND that the
use of the oceanographic vessel is NOT an option.
The maximax decision is.
Selected
Answer:
excav
ate
Correct
Answer:
excav
ate
Question 6
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
If the use of a radically new and sensitive technology were to
become an option and would cost you $40 million you should
definitely do it since the potential benefits of finding the lost city
are huge.
Selected
Fals
Answer:
, e
Correct
Fals
Answer:
e
Question 7
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
The expected value of certainty is:
Selected
Answer:
52.
5
Correct
Answer:
52.
5
Question 8
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
What is the most you would ever consider paying for the use of any kind of
technology to help your exploration efforts?
Selected
Answer:
45
Correct
Answer:
45
Question 9
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
If you had perfect information that the site is just
an interesting geological formation, your best payoff would be:?
Selected
Answer:
-50
Correct
Answer:
-50
Question 10
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
