Discuss three attributes using the lottery-assessment method

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Question: A decision maker is assessing weights for three attributes using the lottery-assessment method. In considering the lotteries, she concludes that she is indifferent between:

A. Win the best possible combination with probability 0.34

Win the worst possible combination with probability 0.66

And

B. Win a combination that is worst on Attributes 1 and 3 and best on 2

She also has concluded that she is indifferent between

C. Win the best possible combination with probability 0.25 Win the worst possible combination with probability 0.75

And

D. Win a combination that is worst on Attributes 2 and 3 and best on 1

Find weights k1, k2, and k3.

Reference no: EM131524547

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