Question 1
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.
The maximin payoff is.
Selected
Answer:
75
0
Correct
Answer:
-50
Question 2
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 excavate 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
800
Answer:
Correct
0
Answer:
Answer range 0 (0.0 -
+/- 0.0)
Question 3
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:
excava
te
Correct
Answer:
excava
te
, 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
800
Answer:
Correct
0
Answer:
Answer range 0 (0.0 -
+/- 0.0)
Question 5
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.
The maximin decision is.
Selected
Answer:
excava
te
Correct
Answer:
aband
on
Question 6
0 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 just an interesting geological formation, your
best decision would be to:?
Selected
Answer:
-50
Correct
Answer:
abandon the
site
, Question 7
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
The EMV of excavating the site is:
Selected
Answer:
7.5
Correct
Answer:
7.5
Question 8
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 9
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
The max EMV payoff is:
Selected
Answer:
7.5
Correct
Answer:
7.5
Question 10
0 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 was the lost city of Atlatis, your best decision
would be to:?
Selected
Answer:
-50
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.
The maximin payoff is.
Selected
Answer:
75
0
Correct
Answer:
-50
Question 2
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 excavate 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
800
Answer:
Correct
0
Answer:
Answer range 0 (0.0 -
+/- 0.0)
Question 3
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:
excava
te
Correct
Answer:
excava
te
, 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
800
Answer:
Correct
0
Answer:
Answer range 0 (0.0 -
+/- 0.0)
Question 5
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.
The maximin decision is.
Selected
Answer:
excava
te
Correct
Answer:
aband
on
Question 6
0 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 just an interesting geological formation, your
best decision would be to:?
Selected
Answer:
-50
Correct
Answer:
abandon the
site
, Question 7
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
The EMV of excavating the site is:
Selected
Answer:
7.5
Correct
Answer:
7.5
Question 8
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 9
4 out of 4 points
ATLANTIS
Assume that the use of the oceanographic vessel is NOT an option.
The max EMV payoff is:
Selected
Answer:
7.5
Correct
Answer:
7.5
Question 10
0 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 was the lost city of Atlatis, your best decision
would be to:?
Selected
Answer:
-50
