Artificial IntelligenceAIMA Exercises

Assess your own utility for different incremental amounts of money by running a series of preference tests between some definite amount $M_1$ and a lottery $[p,M_2; (1-p), 0]$. Choose different values of $M_1$ and $M_2$, and vary $p$ until you are indifferent between the two choices. Plot the resulting utility function.

Assess your own utility for different incremental amounts of money by running a series of preference tests between some definite amount $M_1$ and a lottery $[p,M_2; (1-p), 0]$. Choose different values of $M_1$ and $M_2$, and vary $p$ until you are indifferent between the two choices. Plot the resulting utility function.

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