uygnil saysJuly 20, 2017 at 6:26 amCan I know why the difference between the expected value with research and the expected value without research is the maximum amount John is prepared to pay?Log in to Reply
John Moffat saysJuly 20, 2017 at 7:22 amBecause if you paid more than the extra benefit then you would end up with less profit overall.Log in to Reply
Qamar saysMarch 2, 2017 at 2:38 pmhello sir canutell me from where did we got the expexted value of $4500Log in to Reply
John Moffat saysMarch 2, 2017 at 4:41 pmBut I show this in the previous lecture on risk and uncertainty! You should be watching the lectures in order 馃檪Log in to Reply
addisanopacourage says
Hi John
Well explained thanks!
John Moffat says
Thank you for your comment 馃檪
uygnil says
Can I know why the difference between the expected value with research and the expected value without research is the maximum amount John is prepared to pay?
John Moffat says
Because if you paid more than the extra benefit then you would end up with less profit overall.
Qamar says
hello sir canutell me from where did we got the expexted value of $4500
John Moffat says
But I show this in the previous lecture on risk and uncertainty! You should be watching the lectures in order 馃檪