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Question
The information in the table below describes choices for a new doctor. The outcomes represent different macroeconomic environments, which the individual cannot predict.Table 5.3
| Outcome 1 | Outcome 2 | |||
| Job Choice | Prob. | Income | Prob. | Income |
| Work for HMO | 0.95 | $100,000 | 0.05 | $60,000 |
| Own practice | 0.2 | $250,000 | 0.8 | $30,000 |
| Research | 0.1 | $500,000 | 0.9 | $50,000 |
A) Work for HMO, open own practice, do research
B) Work for HMO, do research, open own practice
C) Do research, open own practice, work for HMO
D) Do research, work for HMO, open own practice
E) Open own practice, work for HMO, do research
Answer
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Related questions
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L = PL -5 MEL = 2L + 5
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