Reference no: EM131754847

Question: Consider the four statements below.

I. You should never pay more than the value of clairvoyance for any information gathering process for an uncertain distinction.

II. The five Rules of Actional Thought prove that computing the e-value of the monetary worth of our prospects will always give us the preferred alternative.

III. A person's preference probability for a given outcome will always be greater than his/her assessed probability for the outcome given clairvoyance.

IV. The three legs of the decision quality stool are preferences, information, and alternatives. Which of the preceding statements is true?

a. T and III only

b. I and IV only

c. II and IV only

d. I, II, and IV only